atans1

Typography of our (and global) economic recovery

In Economy, Financial competency on 26/05/2020 at 5:22 pm

So the economy is expected to shrink between 4 and 7% this year as MTI again downgraded official growth projections for 2020. If the projections are correct (remember that astrologers and other fortune tellers have better track records) we are headed for the worst-ever recession since 1965.

The estimates for non-oil domestic exports (NODX) and total merchandise trade for the year have been cut drastically.

But factory output surged by 13 per cent in April, the second straight month of a year-on-year rise, largely down to gains made by the pharma manufacturing cluster. But excluding biomedical manufacturing, overall output in April fell 3.5% due to COVID-19 related measures both locally and overseas.

So how will the recovery pan out?

Related posts:

Investing in the time of Covid-19: Watch this index

What goes down quickly, must go up quickly

Covid-19 investing: Beware of a double bottom

Markets: Easy collapse, easy rebound

Antidote to Covid-19 and market stress

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