Artikel

Global economy: Recovery slowing down

The global economy recovered more quickly than expected in the third quarter of 2020. Following the coronavirus-related slumps, economic output increased by seven percent. A decrease in infection rates and thus an easing of containment measures contributed to re-normalizing production processes and trade. Private households also began demanding more consumer goods again, especially personal services. However, the second wave in fall 2020 will slow down the recovery. In 2020, global production will shrink by 3.4 percent; the growth rates in 2021 and 2022, 6.3 and 4.4 percent respectively, are likely to be stronger than forecasts in fall 2020. Despite this, there are many risks: Even though the vaccine breakthroughs are promising, other uncontrolled increases in coronavirus cases could occur. Furthermore, the extent to which corporate insolvencies will increase and how a wave of insolvencies would impact economic recovery cannot be predicted.

Sprache
Englisch

Erschienen in
Journal: DIW Weekly Report ; ISSN: 2568-7697 ; Volume: 10 ; Year: 2020 ; Issue: 50 ; Pages: 472-475 ; Berlin: Deutsches Institut für Wirtschaftsforschung (DIW)

Klassifikation
Wirtschaft
Business Fluctuations; Cycles
General Outlook and Conditions
Global Outlook
Thema
Business cycle forecast
ecoomic outlook

Ereignis
Geistige Schöpfung
(wer)
Michelsen, Claus
Berenberg-Gossler, Paul
Dany-Knedlik, Geraldine
Engerer, Hella
Pasch, Sandra
Ereignis
Veröffentlichung
(wer)
Deutsches Institut für Wirtschaftsforschung (DIW)
(wo)
Berlin
(wann)
2020

DOI
doi:10.18723/diw_dwr:2020-50-2
Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Michelsen, Claus
  • Berenberg-Gossler, Paul
  • Dany-Knedlik, Geraldine
  • Engerer, Hella
  • Pasch, Sandra
  • Deutsches Institut für Wirtschaftsforschung (DIW)

Entstanden

  • 2020

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