Recession shock is deep
05 April 2020
Posted in
sentix Economic News
The corona virus is holding the world economy in a stranglehold. Never before has the assessment of the current situation collapsed so sharply in all regions of the world within one month. In Euroland, the overall index is falling to an all-time low. The USA is now also in a full downward spiral. The region Asia ex Japan (China) sends the only glimmer of hope: economic expectations there at least signal no deterioration. A quick V-recovery of the economy is not to be expected.
Headlines of the month
- The corona virus is keeping the global economy in a stranglehold: without exception, all regions of the world are in a deep recession. Never before has the assessment of the current situation collapsed so sharply in all regions of the world within one month.
- In Euroland, the overall index fell by 25.8 points. For the second month in a row, a negative record is set in the economic slump. The Euroland overall index marks an all-time low.
- The recession shock is deep - in all regions of the world. The US, too, is now in a full downward spiral. The region Asia ex Japan (China) offers the only glimmer of hope: economic expectations signal that at least no deterioration in the current situation should occur there. A fast, V-shaped recovery is unlikely.
sentix Eco Report Euro area
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