View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Uncategorised
April 14, 2020updated 15 Apr 2020 9:11am

Slight lift in long-term economic gloom amid easing of Covid-19 case rise

By Paul Dennis

Predictions of the size by which the world’s major economies will shrink in 2020 have been cut slightly, amid signs the rise in Covid-19 cases might be slowing down.

The US is now forecast to see its GDP fall by 3.9 per cent over the year, with the UK down 4.5 per cent, France by 4.6 per cent and Germany by 4.4 per cent.

Stock markets also saw a slight uptick towards the end of last week.

The forecasts – made by experts at GlobalData – are slightly more positive than the same figures from a week ago.

Global cases of Covid-19 were up by 70,640 to just under two million yesterday. That represented the smallest daily increase for three days.

The number of new confirmed deaths also fell for the third day in a row, rising by 5,391 to a total of 119,482 worldwide.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to Offshore Technology