Centro de Documentacion de Fundación MAPFRE - Global economics intelligence : executive summary, july 2020

MAP20200027133

Global economics intelligence : executive summary, july 2020 / Alan FitzGerald...[Et al.]. — New York : McKinsey & Company, 2020

6 p. . — (Strategy & Corporate Finance Practice)

Resumen: The US economy experienced a record-breaking GDP contraction of 9.5% (year over year) in the second quarter of 2020 (32.9% annualized). Many analysts expect positive growth in the third quarter, stemming from partial reopening, but a continued surge of COVID-19 cases could halt further expansion. In terms of pandemic control and recovery, the eurozone occupies a position between China and the United States, but its economy sustained a deep contraction in the second quarter as well. Preliminary flash estimates published by the European Union show a contraction of 15.0% (y-o-y) in the eurozone as a whole, with contractions in its largest economies of 22.1% in Spain, 19.0% in France, 17.3% in Italy, and 11.7% in Germany. These are the worst quarterly results ever recorded in the eurozone and reveal how steep a climb lies ahead. Industrial production has, however, been ramping up lately as eurozone economies reopen.

1. COVID-19 . 2. Coronavirus . 3. Pandemias . 4. Recuperación económica . 5. Perspectivas económicas . 6. Coyuntura económica . 7. Crisis económica . 8. Estados Unidos . 9. Europa . I. FitzGerald, Alan . II. McKinsey & Company . III. Strategy & Corporate Finance Practice . IV. Title.