Experts interviewed by Bloomberg predicted new challenges that the global economy will face by the end of 2020.
Among them, a new wave of coronavirus, surges in unemployment, insufficient recovery in demand in leading markets.
Analysts point out that the overall global economy has recently shown clear signs of recovery. The developed countries show the most positive dynamics. However, such data should not be overestimated, as the current level of recovery may be at its peak, after which a decline will follow.
The same applies to unemployment and the housing market, where the situation has recently begun to improve. Also, a negative impact is likely to have a reduction in stimulus measures from governments of different countries. Most industries are not ready for that step and still need support, economists say.
Finally, the second wave of coronavirus could be a tangible blow, which will be especially devastating due to the lack of a ready-made vaccine. The recovering sectors of the economy will face new restrictions and bans, which will offset the recent growth in demand.
At the same time, in some countries, for example, in China, it still has not reached pre-crisis levels, since consumers are not yet ready to spend in the same amounts.