Will be worse than initial estimates so compared to the april 1 of the Economic Outlook we are projecting a deeper downtown in 2020 and a c. E. O. At a company in 2021 to growth to 2020 is projected at minus 4 point one percent which is 1 point one percent points below our april focused now this reflects the fact that in the 1st tough economic outcomes came in somewhat worse than we had anticipated and because there is no medical suit you should we are expecting social distancing to persist for more for a long time into the 2nd half. And downgrading the growth forecasts for 2021 the i. M. F. Expects a growth rate of 5. 4 percent instead of earlier estimates of 5. 8 percent the fund is predicting an 8 percent contraction in the United States in 2020 while the eurozone economy will decline by 10. 2 percent brazil will take a 9 point one percent hit with the economy of mexico shrinking by as much as 10. 5 percent just this year now the Organization Also pointed to a catastrophic toll on t
Announcement that the Global Economic downturn due to the corona virus pandemic will be worse than initial estimates so compared to the april 1 of the Economic Outlook we are projecting a deeper downtown in 2020 and a c. E. O. At a company in 2021 to growth to 2020 is projected at minus 4 point one percent which is 1 point one percent points below our april focused now this reflects the fact that in the 1st half economic outcomes came in somewhat worse than we had anticipated and because there is no medical suit you should we are expecting social distancing to persist for more for a long time into the 2nd half. And downgrading the growth for crest for 2021 the i. M. F. Expects a growth rate of 5. 4 percent instead of earlier estimates of 5. 8 percent the fund is predicting an 8 percent contraction in the United States in 2020 while the eurozone economy will decline by 10. 2 percent brazil will take a 9 point one percent hit with the economy of mexico shrinking by as much as 10. 5 perce
2021 the i. M. F. Expects a growth rate of 5. 4 percent instead of earlier estimates of 5. 8 percent the fund is predicting an 8 percent contraction in the United States in 2020 while the eurozone economy will decline by 10. 2 percent brazil will take a 9 point one percent hit with the economy of mexico shrinking by as much as 10. 5 percent just this year now the Organization Also pointed to a catastrophic toll d on the labor market due to the pandemic saying there quine in work hours for the 2nd quarter will be the equivalent of losing 300000000 full time jobs worldwide the funds chief economist also spoke about the unpredictable nature of the pandemic making it difficult to judge where the worlds economy will head in the near future so there is tremendous uncertainty around the focused on the one hand you could get positive news you could have this news on the scenes and on treatments and great a policy support and that can trigger a fast as a company. But on the other hand there are
A recovery if so what kind of. Discussing the economy and more im joined by my guest daniel what do you martino boogy is and doubtless she is the c. E. O. And chief strategist for well intelligence a research and she is also be author of an insiders take on why the Federal Reserve is bad for america as well as they call mr Bloomberg View and in new york we cross to marshall is a Research Associate for the Levy Institute at our college a contributor to independent Media Institute as well as a member of america compass or a newly established name tank for him to restore an economic consensus into sizes the importance of Family Community and industry to the nations lou. And prosperity crossed out rules in effect that means you can jump in if you dont want and i always appreciate ok let me go to our national 1st in new york last week we came out with a new job numbers and it was quite surprising for a lot of people that was a row of jobs growth approximately over 2000000 though there seems
Almost always open to see what you want to see in many ways economics remains in our however the Economic Situation sets us all now is much more than about our politics its about the way we will live for this foreseeable future are we witnessing a recovery if so what kind of. Discussing the economy and more im joined by my guest and you know what do you mark you know who she is and doubtless she is the c. E. O. And chief strategist for well intelligence a research and a little she is also be author of an insiders take on why the Federal Reserve is bad for america as well as they call mr Bloomberg View and in new york we cross to marshall is a researcher so. For the Levy Institute at our college and contributor to independent Media Institute as well as in member of america compass or a newly established think tank formed to restore an economic consensus into sizes the importance of Family Community and industry to the nations liberty and prosperity right across the rules in effect that