Economic update May 2020

Industry Match-up Reports

  • China,
  • USA
  • Machines/Engineering,
  • Metals

4th June 2020

The Economic Update, presenting the current economic environment across the globe and the outlook by Atradius Economic Research.

The Economic update is published once per two months.

The May 2020 edition of the Economic Update, presenting the current economic environment across the globe by Atradius Economic Research.

  • Global - The global economy is entering a sharp recession in H1 of 2020, as the COVID-19 outbreak disrupts the supply and demand side of the world economy. In H2 we expect to see a partial recovery.

  • Eurozone – Parts of Europe have been severely affected by the virus outbreak. Lockdowns and restrictions on mobility necessary to contain the virus are taking a sizable toll on economic activity.

  • US and UK – The coronavirus fallout is clouding the economic outlooks of both the US and the UK, with the unemployment rate rising sharply in the US.

  • Emerging Markets – EMEs are looking at negative growth rates in 2020 as supply chains are disrupted and financial conditions tighten.

  • Credit and Insolvencies – The insolvency outlook for 2020 is darkening and we expect a steep increase in bankruptcies.

Download the Economic Update to read all the details.

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