Most of the World Economies are in Recession
Over 90% of the world’s economies are contracting (Declining).
- A major slump in world trade volume is taking place.
- Additional debt incurred by all countries, and many private corporation, to reduce the worst consequences of the pandemic, while politically correct and in many cases essential, has caused Debt to GDP Ratios to uncharted territory.
- 2020 Global GDP is in the process of registering one of the largest yearly declines in the last 100 Years and the largest decline since 1945. The lasting destruction of wealth and income will take time to repair.