Global economy in recession, but recovery likely to emerge by late year end

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<title>Global economy in recession, but recovery likely to emerge by late year end</title>
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<namePart>Fitch Solutions</namePart>
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<dateIssued>2020</dateIssued>
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<abstract displayLabel="Summary">Global Growth To Decelerate Sharply  -- Three Pressure Points Emerge For The Global Economy -- Covid-19 Cases Tracking Higher, More To Come -- The slowdown in China has been sharper than we at Fitch Solutions originally anticipated -- Chinese Growth Cratered And Will Remain Weak  -- Major markets experiencing softer economic conditions likely to see -- Major markets that have implemented some form of quarantinecmeasure -- Major markets that have implemented some form of quarantine measure -- The End Of A Trend? -- Financial Markets Collapse To Weigh On Growth -- Another Credit Crunch In The Making? -- Moreover, credit conditions have tightened equally sharply, and we at Fitch Solutions believe that at current levels, many companies will start to be shut out of the funding market -- Emerging Markets Facing Crisis Conditions -- Non-Bank Financial Institutions Are More Prominent -- Policymakers Slow To Provide Coordinated Response -- All Roads Lead To Zero Interest Rates </abstract>
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