Zimbabwe Economic Outlook: April 27, 2020

Tony Hawkins / Posted On: 23 September 2020 / Updated On: 21 October 2021 / Business General / 8

Search Blog Click here to search the site.
Zimbabwe Economic Outlook: April 27, 2020

The global economic situation has deteriorated dramatically in the past month as lockdowns in many countries, especially the industrialized economies of Europe, North America and Japan as well as the aftershock from China, impact on output and employment.

 

In April, the IMF forecast a 3% decline in world GDP this year, but this is being revised downwards as the global situation worsens. On its current forecast, GDP in advanced economies will fall 6%, in emerging markets 1%, and in Sub-Saharan Africa 1.6%. Actual declines are likely to be greater.

 

This is because earlier hopes of a V-shaped recession with a very steep rebound in the second half of 2020 have receded and there is now talk of a "Nike tick" recession - a steep decline followed by a lengthy but slow recovery.

 

Download the full economic outlook by Tony Hawkins below to continue reading.



Download the PDF    Number of Downloads (8)     Download the infographic

Tony Hawkins
      View Tony Hawkins's full profile



Related White Papers






Thank you for going through this resource! If you find this helpful please LIKE, SHARE and SUBSCRIBE to our channel and click the notifications bell to get notified whenever we post a new video. We post everyday except on Weekends. You can subscribe now by clicking on the button below.

Why should you subscribe to our Youtube channel today? Subscribing to our channel helps you discover what's new & trending globally with regards to HR and business. Watch must-see videos, from employee to organisational education to the current business world and the Internet phenomena. The last handful of years saw a surge in the popularity of videos therefore you shouldn't miss out on trending content. This is because, videos are useful for more than entertainment and it has revolutionised how people connect. We have different types of videos on our hub which include demo videos, brand videos, event videos, expert interviews, educational or How-To videos, explainer videos, case study videos, testimonial videos, live videos etc.You can also catch up on our Podcasts if you are not interested in wathing videos. Thank you for watching if you have already started to watch or videos! If you find this helpful please LIKE, SHARE and SUBSCRIBE to our channel and click the notifications bell to get notified whenever we post a new video. We post everyday except on Weekends.