AIIQ - A Long Uneven And Uncertain Ascent

• We continue to project a deep recession in 2020. Global growth is projected to be -4.4 percent, an upward revision of 0.8 percent compared to our June update.
• In 2021, growth is projected to rebound to 5.2 percent, -0.2 percent below our June projection.
• The divergence in income prospects between advanced economies and emerging and developing economies (excluding China) triggered by this pandemic is projected to worsen.
• Investments in health, digital infrastructure, green infrastructure and education can help achieve productive, inclusive and sustainable growth. And expanding the safety net where gaps exist can ensure the most vulnerable are protected while supporting near-term activity.

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