Lockdowns in Q2 this year caused global GDP to drop by 7% q/q, with the hospitality, recreation, and transport sectors suffering most. The hit from second lockdowns should be much smaller since activity is below normal levels to start with, restrictions are set to be less wide-reaching and fewer economies are involved. Global GDP should still rise in Q4. But there are downside risks this quarter and beyond.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services