The global economy is in a drastically different state this year relative to 2019. Two major black swan events – the COVID-19 pandemic and a collapse in oil prices – ravaged the economic landscape in early 2020. Governments around the world are deploying unprecedented stimulus packages to mitigate the worst of the downturn, but a great deal of uncertainty about future economic performance remains.
China, which was at the forefront of the coronavirus pandemic, has managed to largely clamp down on the spread of the virus. As a result, Chinese economic data is showing clear signs of recovery. Europe, which was already in recession prior to the onset of the black swans, is seeing severe economic contraction despite an improved health prognosis, and our outlook for the region is quite pessimistic. The US, which is still grappling with a large number of cases and rising deaths, is seeing some green shoots of recovery in its economic indicators, but will the trend persist?
In our August 20 webinar, we will examine the current state of the global economy, with a focus on the US, Europe, and China. ITR partner Interact Analysis will co-host the webinar – the firm's Shanghai-based analyst will discuss China's pandemic response and the ensuing economic rebound. For budgeting and planning purposes, we will also review ITR’s expectations for the macroeconomic landscape for the remainder of 2020 and for 2021.
Attendees will walk away from the webinar with:
- A better understanding of the existing economic conditions in the US, Europe, and China as they stand in mid-2020.
- A clear picture of the Chinese response to the pandemic and the resulting economic impact.
- Exploration of the US election's likely impact on near-term economic performance and discussion of how the election's potential outcomes could impact our forecast and your world.
- Interpretation of leading indicator input regarding where the global economy and its various regional components are headed to aid in identifying growth opportunities.
Why Should I Attend?
If your company’s performance is impacted by global economic developments, whether directly or indirectly, this webinar will provide you with practical and actionable insights that will help you position your business to take advantage of the rising trend in the world economy when it occurs. We hope you will join us on August 20!