Global activity starts to bounce back

Each month Oxford Economics’ team of 250 economists updates its baseline global economic outlook using the Global Economic Model, the only fully integrated economic forecasting framework of its kind.

July / August 2020

  • After a dire start to Q2 in April, the global economy has since staged a robust
    rebound as lockdown restrictions in many regions have eased.
  • But despite a strong initial bounce, high unemployment and surging corporate debt will limit the scale of the revival in H2 and beyond
  • And the renewed rise in Covid-19 cases in parts of the world shows that considerable downside risks remain.

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