Hard hit, soft recovery

The Corona crisis has sent the world economy into recession and is presenting the global economy with unprece-dented challenges. The global situation continues to fall at the beginning of May, marking new all-time lows in many regions of the world. The Global Aggregate Index is also at an all-time low of -60.5 points. Nevertheless, there are glimmers of hope. Expectations may improve across the board. In some regions, they are even positive again, giving rise to hopes that a stabilization phase will begin. Compared to the hard impact of the situation, the upswing is proceeding rather gently. Austria deserves special attention.

Full report May 2020

Headlines of the month

  • The economy in Euroland is in the middle of a deep crisis. For the fourth time in a row, the economic situation is falling to an all-time low of -73 points.
  • The fact that the overall index nevertheless improves slightly to -41.8 is due to expectations that are rising by 12.8 points. We are at the beginning of a stabilisation phase, which is already clearly visible in Germany and espe-cially Austria.
  • Internationally, hopes rest on the Asian region. In China, where the corona crisis began, the signs are already pointing to an economic upturn. Japan is also stabilising. Other regions of the world, including the USA, are still in recession.

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