Global recession
08 March 2020
Posted in
sentix Economic News
The new corona virus, which is now spreading significantly across the globe and requires consistent measures to contain it, is plunging the global economy into recession. The global economic overall index falls from +8.1 to -12 points. Never before has such a strong synchronized collapse of the global economy been measurable in our data. This puts the current slump in an inglorious chain: Lehman (2008), Fukushima (2011) and the oil credit crisis (2016).
Headlines of the month
- The global spread of the new corona virus is plunging the world economy into recession. Never before have economic data from sentix collapsed so sharply in all regions of the world within a month.
- In Euroland, the overall index fell by 22.3 points. This is the sharpest fall within one month since the survey began. Situation and expectation values are falling equally.
- The same picture also dominates globally. The Asia ex-Japan region is falling back into recession, as are Europe and Japan. In the USA the situation is better due to the previously very robust situation, but here too a downturn is expected.
sentix Eco Report Euro area
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