by mark000
And Q4 drops from +10% to +9%. June is shaping up to be the big UH-OH month….
From -39% to +29% đ€Ł… itâs time to go long x3 pot stocks t.co/TE2SFIpC1J
— Alessio Urban (@AlessioUrban) May 13, 2020
Manhattan has the largest business district in the country. But now, as the pandemic eases its grip, companies are considering not just how to safely bring back employees, but whether all of them need to come back at all. t.co/EYZQdltNIy
— Lisa Abramowicz (@lisaabramowicz1) May 13, 2020
The head of the International Monetary Fund has signalled a possible downward revision of global economic forecasts, and warned the United States and China against rekindling a trade war that could weaken a recovery from the coronavirus pandemic.
Kristalina Georgieva, the IMFâs managing director, told an online event hosted by the European University Institute that recent economic data for many countries was coming in below the fundâs already pessimistic forecast for a 3% contraction in 2020.
âWith no immediate medical solutions, more adverse scenarios might unfortunately materialise for some economies,â Georgieva said. âIt is the unknown about the behaviour of this virus that is clouding the horizon for projections.â
The IMFâs April projection for a 3% contraction the global economy would mark the steepest downturn since the Great Depression of the 1930s. The IMF forecast a partial rebound would follow in 2021, but warned that outcomes could be far worse, depending on the course of the pandemic.