September 25, 2020

Fathom’s Chart of the Day 23.09.2020: Global economy took a huge hit in the first half, but is recovering fast now

by Lauren Tuck.

The first half of 2020 saw the steepest global recession in recorded economic history, including the two world wars, the depression of the 1930s, and all other events going back for three hundred years at least. But the good news is that the third quarter looks positive, perhaps strongly so, and a V-shaped recovery, globally, remains our central case, with the level of GDP reaching its pre-crisis level by the second half of next year.

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This chart is taken from Fathom’s Recovery Watch newsletter. Click here to subscribe.

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