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RWIU - Second Quarter 2020 International Equity ETF Report
Direxion FTSE Russell International Over US ETF Direxion Shares ETF Trust
By Bill Witherell, Ph.D.
As we approach midyear 2020, economists are continuing to adjust their projections for the global economy as the depths of the current recession, the most severe since the Great Depression in the 1930s, become more evident. The Organization for Economic Cooperation and Development ((OECD)), in its latest report on the outlook for the global economy, forecasts a 6% contraction this year. That would be twice as deep a recession as the 3% decline the International Monetary Fund ((IMF)) projected in April.
The World Bank's latest projection is for a 5.2% drop