27 August
The global economy is gradually showing signs of recovery after a major decline in the first half of the year.
The growth of the economy is expected to continue from the second half of the year, although the labour market will take a long time to recover.
Erik Meyersson, senior economist at Svenska Handelsbanken, a Swedish bank, shared a report on the latest forecast issued by the bank.
The report notes that the global economy is showing signs of recovery after a historic fall in economic activity in the first half.
However, the impact of the pandemic, has varied across different countries.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataWhile Nordic countries managed to handle the pandemic better, the European Union and the US have been severely impacted.
The report notes that global growth is expected to decline by 4.3% in 2020, followed by a 5.2% growth in 2021 and 3.5% growth in 2022.
New infection rates and lockdown restrictions, however, will play a major role in deciding the growth of the global economy.