08 Sep Dun and Bradstreet, Country Risk and the Global Outlook – September 2020
Pandemic peaking again
“The coronavirus pandemic is still dominating developments in the real economy globally. Unemployment will keep rising above the pre-pandemic baseline as government programmes are phased out and cease to protect workers. We do not expect the world economy to reattain pre-pandemic output levels before 2022. The biggest question mark is not over the depth of the recent shock, but over its persistence. The dynamics of the virus are not well understood, making prediction hazardous. But it is clear that entire sectors are due imminent radical restructuring, even in the countries that controlled their outbreaks,” said Dr Arun Singh, Global Chief Economist, Dun & Bradstreet.