2020 economic and industry outlook : second quarter perspectives

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<title>2020 economic and industry outlook</title>
<subTitle>: second quarter perspectives</subTitle>
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<placeTerm type="text">Madrid</placeTerm>
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<publisher>Fundación MAPFRE</publisher>
<dateIssued>2020</dateIssued>
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<abstract displayLabel="Summary">The emergence of the Covid-19 pandemic has radically altered the prospects for world growth and insurance markets. The contagion process, together with the imposed suppression measures, produces demand, supply and financial effects that will cause a global recession of close to -3% of GDP in the best of cases, with the Eurozone as the region where the effect may be greater and Latin America where the risk of becoming a depression is more relevant given its vulnerabilities. In our base scenario, however, the measures taken and the nature of the virus will give way to a recovery during 2021 that we also expect will translate into consumption and demand for financial services in general

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<note type="statement of responsibility">MAPFRE Economics</note>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080586294">
<topic>Mercado de seguros</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20200005599">
<topic>COVID-19</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080552022">
<topic>Pandemias</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080623920">
<topic>Análisis económico-financiero</topic>
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<topic>Perspectivas económicas</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080611880">
<topic>Perspectivas del seguro</topic>
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<title>Panorama económico y sectorial 2020 : perspectivas hacia el segundo trimestre</title>
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<identifier type="local">MAP20200013457</identifier>
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<recordChangeDate encoding="iso8601">20200514133419.0</recordChangeDate>
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