They have thus revised down their own forecasts of world GDP growth as regional published 15 days ago. According to them, in 2020, the world economy should fall by 2.8%, while in 2009 the decline was 1.7%.
Experts of the company expect in particular a contraction of the US economy of 5.4% at the end of the current year, while the GDP of the European Union is likely to experience a decline of 4, 5%, and 6% for Italy. For Russia, analysts predict a 3.4% drop in GDP.
China will face reduced growth, estimated at 2% in 2020, experts say.IHS Markit. However, in 2021, all the countries concerned should return to growth and the world economy will jump by 3.3%, they conclude.