Spiking COVID cases raise risk of a W-shaped economic cycle with a 2nd downturn, IHS Markit says

Spiking COVID cases raise risk of a W-shaped economic cycle with a 2nd downturn, IHS Markit says

Business Insider

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· The renewed spread of coronavirus in the US raises the potential for a lengthened recession, according to economists at research firm IHS Markit.
· The team slightly improved their forecast for global growth, projecting a 5.5% contraction in 2020 before a 4.4% bounce in 2021.
· IHS still sees global GDP resembling a...

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