COVID-19 and the Global Economy
The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged the global economy into a severe contraction. According to World Bank forecasts, the global economy will shrink by 5.2% this year. That would represent the deepest recession since the Second World War, with the largest fraction of economies experiencing declines in per capita output since 1870, per the World Bank in its June 2020 Global Economic Prospects.
But just how deep will the COVID-19 recession be? What scenarios of possible growth exist? What is the outlook for low-income countries and global value chains? Will there be implications to cheap oil? Other lasting economic scars?
Join WACC and Bank of America on Tuesday, July 14th as we learn from Senior Global Economist Aditya Bhave on where the U.S. and global economies stand, as well as what financial impacts we are likely to see from the COVID-19 pandemic.
Program Partner
WACC Distinguished Speaker Series
Date: Tuesday, July 14, 2020
Time: 2:00 – 3:00 p.m.
Register online (Free to WACC members and non-members)
Biography
Aditya Bhave is a director and Global Economist. He contributes to the Global Letter and other thematic research, and helps coordinate macroeconomic views across regions. Previously, he was a US economist and rates strategist at Deutsche Bank. Bhave has a PhD in economics from the University of Chicago and a bachelor’s degree in economics and mathematics from Amherst
College. He is based in New York.