Marta Dhanis

@MartaDhanis ↗

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Last Checked May 25, 2020

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Mon Mar 30 14:25:50 +0000 2020

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Marta Dhanis @MartaDhanis

Some numbers: IHS Markit economists have slashed the US 2020 forecast to a contraction of 5.4% (12 days ago their predictions were a 0.2% fall). “A sizeable and aggressive policy response will help to limit the downturn and bolster the upturn.” https://t.co/0MfdRiu7xH — PolitiTweet.org

Posted March 30, 2020

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Marta Dhanis @MartaDhanis

These are very dire news. Economists now predict #COVID19 recession to be deeper than that of 2008-2009, most economies won’t return to pre-pandemic levels of output for 2-3 years. IHS markit says this is “much more pessimistic” than their 17 March outlook due to US & oil prices. https://t.co/xi96spC5zK — PolitiTweet.org

Posted March 30, 2020

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Marta Dhanis @MartaDhanis

#Europe, “where the number of cases continues to grow rapidly and lockdowns are pervasive, will see some of the worst recessions in the developed world, with 2020 real GDP drops of approximately 4.5% in the eurozone and UK economies. #Italy faces a decline of 6% or more.” — PolitiTweet.org

Posted March 30, 2020