Economic update April 2020

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14th May 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 April 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 recession in H1 of 2020, as the coronavirus outbreak triggers lower consumer spending on top of disruptions in the global supply chain.

  • Eurozone – Several European markets are severely affected by the coronavirus outbreak. The initial supply-side shock is now turning into a demand shock, as countries are taking far-reaching public health measures.

  • US and UK –Along with ongoing trade policy uncertainty, the coronavirus fallout is clouding the economic outlooks for both the US and the UK.

  • Emerging Markets – Growth is expected to decrease substantially in 2020 as the coronavirus pandemic disrupts global supply chains, in particular weighing on growth in Emerging Asia.

  • Credit and Insolvencies –For 2020 we forecast a steep rise in insolvencies in many economies, resulting from the coronavirus outbreak.

Download the Economic Update to read all the details.

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