Rising coronavirus infections in large economies such as the U.S., Brazil and India have underlined the fragility of the economic rebound and increased the risk of a 'W-shaped' recovery, according to economists at research firm IHS Markit.
In its July World Flash report, IHS Markit Chief Economist Nariman Behravesh and Executive Director of Global Economics Sara Johnson upped their 2020 global growth forecast slightly to a 5.5% contraction.
In its July World Flash report, IHS Markit Chief Economist Nariman Behravesh and Executive Director of Global Economics Sara Johnson upped their 2020 global growth forecast slightly to a 5.5% contraction, noting clear indications of a sharp rebound in economic activity in May and June, after a very deep and very short recession. A 4.4% rebound is expected in 2021.
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