Experts announced the onset of a recession

Goldman Sachs, Morgan Stanley and other leading financial companies have no doubt that the coronavirus pandemic has caused to a recession in the world economy. For the first time since the previous the global crisis, they officially announced that they should prepare for its offensive. Morgan Stanley views recession as a baseline script. According to the bank, the growth of world GDP this year will slow down to 0.9% (values ​​below 2% qualify as recessionary). Goldman Sachs expects this figure to be 1.25%. IHS Markit lowered its forecast to 0.7%. Company analysts indicate that American, European, and Japanese economies are approaching recession. According to their calculations, in the States the volume GDP in 2020 will decrease by 0.2%, Europe - by 1.5%, Japan - by 0.8%. IHS Markit Predicts Recovery Next Year - By the company expects global GDP growth to be 2.4%. The US economy will rise by 0.8%, Europe - by 1%, Japan - by 0.6%.