- Without any doubt, Q2 of 2020 was the worst quarter on record for global trade, and this is very likely to apply to 2020 as a whole.
- China (mainland) is the only top economy showing clear and consistent signs of recovery in Q2 and Q3; the results for September point to a recovery in South Korea as well.
- Stronger recovery in global real GDP is still expected for Q2 2021; the forecast, unfortunately, depends critically on the ability to deal with the potential waves of the pandemic.
For further details see:
A Better Q3 And Clear Optimism In Most Markets With Growing Concerns Over Second Wave Of COVID-19