Stock market quotes, forex, financial news, forex tools – money-investing.com

Goldman Sachs chief economist makes GDP forecast

 Breaking News
  • Boeing announced the start of massive layoffs The Boeing Company has no choice but to take drastic measures. The world’s largest manufacturer of space and aviation equipment is forced to reduce the number of staff by 13...
  • Serious drawdown of oil quotes Today, oil is actively declining. A very significant increase in the reserves of “black gold” in the United States caused this drop. Moreover, the fears that Russia will not reduce...
  • Swiss watch makers are in crisis Swiss watch exports in April crashed at a record pace the drop has totaled 81% compared with the same period last year. Halting production and difficulties with sales caused by...
  • The intensification of the conflict between the USA and China leads to reduction of oil prices The energy market has started the trading session rather unsuccessfully. The next round of the trade war between the States and China caused the price fall. Because of this investors...
  • Germany saves Lufthansa An air carrier Deutsche Lufthansa AG has suffered losses because of the spread of the coronavirus pandemic. It became known that the German government had not left the matter unattended...
Goldman Sachs chief economist makes GDP forecast
April 14
13:00 2020

Goldman Sachs, the world’s largest investment bank, represented by chief economist Jan Hatzius, has made a forecast for the GDP reduction in developed countries. The analyst believes that the reduction in the second quarter may total 35% compared with the first quarter of 2020.

The spreading pandemic of the coronavirus caused such a serious decline. If the forecast is true, then the fall will be four times higher than the previous anti-record. It should be noted that such anti-record was observed in 2008 against the backdrop of the global financial crisis.

It is difficult to predict how quickly developed countries will be able to return to normal functioning. A prerequisite for this is the return of people to work but nobody knows when this happens.

The economist noted that most countries had overcome the peak in the number of new cases of the disease. But according to Hattzius, is too early rejoice. The expert believes that remaining in isolation is the reason for improving the situation. The resumption of social contacts may well cause the second wave of growth in patients.

Many European countries help businesses and people by providing access to cheap loans and easing fiscal policy. This is what we call “deeds not words”.  Mr.Hatzius believes that more help should be provided, which means pouring money not only into national economies, but also into less affluent neighboring states. The expert said that the help of rich countries to developing markets would help maintain the integrity of the eurozone.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

Related Articles

4 Comments

  1. forex
    forex May 11, 00:56

    When someone writes an article he/she keeps the image of a user in his/her
    brain that how a user can be aware of it. Therefore that’s why this post is perfect.
    Thanks!

    Reply to this comment
  2. forex
    forex May 13, 07:53

    Hmm is anyone else having problems with the images on this
    blog loading? I’m trying to find out if its a problem on my end or if it’s the blog.
    Any feed-back would be greatly appreciated.

    Reply to this comment
  3. Sol Krapp
    Sol Krapp May 19, 05:07

    Superb blog you have here but I was wanting to know if you knew of any user discussion forums that cover the same topics discussed here? I’d really love to be a part of community where I can get advice from other knowledgeable people that share the same interest. If you have any recommendations, please let me know. Cheers!

    Reply to this comment

Write a Comment