Economic update March 2020

Industry Match-up Reports

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

5th March 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 March 2020 edition of the Economic Update, presenting the current economic environment across the globe by Atradius Economic Research.

  • Global - Trade policy uncertainty and a slowing Chinese economy brought global growth down 2.6% in 2019. 2020 is unlikely to bring much relief as the rapid spread of coronavirus weakens China’s GDP growth sharply in the short term.

  • Eurozone – Incoming GDP data continues to point to subdued growth going into 2020. This is reaffirmed by sentiment indicators and weak manufacturing output.

  • Advanced Markets –Policy uncertainty, especially related to trade, continues to cloud the economic outlooks for both the US and UK.

  • Emerging Markets – Growth is expected to remain flat in 2020 as the coronavirus disrupts global supply chains, weigh on growth in Emerging Asia in particular.

  • Credit and Insolvencies –We forecast that insolvencies will rise 2.4% in 2020, following an estimated 1.4% increase in 2019.

Download the Economic Update to read all the details.

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