FIRST MUTUAL WEALTH THIRD QUARTER 2020 ECONOMIC & INVESTMENT MARKETS OVERVIEW
Global Economic Developments The COVID-19 pandemic has had a significant downward impact on GDP growth estimates for 2020. Whilst there is no empirically sound method of accounting for the numeric losses to GDP, it is agreed that the impact has been severe as 2020 is expected to see the global economy lose US$3.8trillion from the GDP recorded in 2019. Advanced economies are expected to suffer the biggest loss as this economic grouping will likely see a 5.8% decline in…Read More
