- Nearly 30% of the American workforce will become unemployed this year because of fallout from the Covid 19 pandemic
- Global growth will reduce by 1.5% across the board
- Emerging markets have lost $83 billion worth of capital from the beginning of the year
- Developed economies around the world will record a 0.4 contraction in world output and gross domestic product
- It estimated global trade to contract by 1.6% due to the fallout created by the ongoing trade tariff war between the United States and China. However, this was before the Covid 19 pandemic. This number has been revised and we now estimate global trade to fall between 13 and 22% this year.
- We expect the United States of America to see its Gross Domestic Product shrink by 2.6% this year.
- It is estimated that emerging countries will require a loan of $2.5 trillion from the International Monetary Fund to prop national reserves.
- The number of unemployed persons globally is expected to rise to 174.3 million in 2020.
- We expect new export orders from purchasing managers Indices for manufacturing to fall to 43.3 from a baseline of 50 in 2020
- We expect new export orders from purchasing managers indices for services to fall to 35.5, higlighting a severe downturn.
- Trade in the fourth quarter was down by 1.0% year-on-year and by 1.2% compared to the third quarter of 2019. The latter is equivalent to a 4.6% decline on an annualized basis.
- Foreign value in electronic exports was nearly 10% for the United States, 25% for China, 30% for Korea, over 40% for Singapore and over 50% for Malaysia, Mexico and Vietnam
- Nearly every region across the globe will suffer double-digit decline in trading volume during the year 2020, as exports from North America and Asia stagnant because of the pandemic
- Resilient investment sustains growth in Asian markets against weakening consumption and exports (specifically in Japan), real GDP growth is estimated at roughly 0.7 per cent for 2019 and is forecast to remain below 1 percent in 2020 for the third year in a row.
- Shale oil accounts for over 60% of US oil and gas production
- Direct investment flows could fall between 30 to 40% in 2020 because of containment policies
- World merchandise trade is set to plummet by between 13 and 32% in 2020 due to the COVID-19 pandemic.
- We expect the unemployment rate in the US to hit a 14 month high
- China’s economic growth will slow to 2% from early 6% estimates
- The monetary loss of global Gross Domestic Product (GDP) is expected to be about $76.7 billion
- The NASDAQ 100 has lost 19.8% of its value from Jan 23 to Mar 18.
- Oil prices declined by 60% in 2020.
- The global revenue for the travel and tourism industry will fall 34%
- Projections see an oil demand decline of 750,000 barrels per day
- The current forecast shows global IT industry declining by 2.7 percent in 2020 compared to the previous year
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