We have downgraded our global GDP growth forecasts again, putting us firmly at the more pessimistic end of the forecast spectrum
Our expectation for a near 7% plunge in activity in H1 would result in global GDP falling by 2.8% for the whole of 2020, a much worse contraction than the 1.1% drop recorded in 2009
The first key uncertainty is the size of the economic cost of lockdowns
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