Global Growth Outlook 04/2020

Coronavirus Shock for Global Economy. Financial and Economic Policy in the Recession

Global economic output will drop by up to three percent. Global output has only ever fallen once in the last 50 years: in 2009 by 1.7 percent. Germany is likely to see its gross domestic product decrease between three and six percent this year. This forecast is based on an interruption of economic activity for a maximum of six weeks. A severe recession is no longer avoidable in the United States, Europe and Japan this year.