On a global basis, activity in the second quarter is likely to be as bad if not more severe than in the first quarter, as the Covid-19 lockdowns extended through April and into May.
From here, the world should see activity improve as lockdowns eased toward the end of May and have been loosened further in June. The infographic shows how Schroders has cut its 2020 growth forecasts given a weak first quarter and the difficulty of lifting lockdowns.
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