RPT-GRAPHIC -Alphabet soup: How will post-virus economic recovery shape up? [Reuters]
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Source: Reuters
RPT-GRAPHIC -Alphabet soup: How will post-virus economic recovery shape up? (Repeats story that ran on April 9, with no changes) By Dhara Ranasinghe and Ritvik Carvalho LONDON, April 9 (Reuters) - Will be it a U? A V? Maybe a W? Predictions for economic recovery after coronavirus-linked lockdowns are throwing up a medley of letters to indicate whether we can expect a bounceback, a slow-burn recovery or relapse. Of more than 50 economists polled by Reuters, some forecast the world economy will shrink as much as 6% in 2020. The other extreme was a prediction for 0.7% growth. The average was a 1.2% contraction. Carsten Brzeski, global head of macro at ING Research, dubbed the picture “a virus-driven ice age”. “It is an abrupt stop of economic activity, from 100 to zero in just a few days or weeks,” he said, adding that made it extremely difficult to forecast the outlook. Here are some scenarios debated. The best case outcome: when a growth plunge is followed by an equally sharp recovery.
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