World Bank World economic growth worst forecast since World War II June 9 at 7:19
Although the movement to resume economic activity is spreading in many countries around the world, the World Bank's economic growth rate has dropped to minus 5.2% due to the influence of the new coronavirus, and it is the worst since World War II. Announced the prospect that will be.
The World Bank announced the outlook for the world's economic growth rate on the 8th, and in 2020, it decreased 7.7 points at a stretch from the forecast as of January before the spread of the new coronavirus infection to minus 5.2% I'm feeling down.
This is the worst level since World War II, and is expected to be worse than the minus 3% forecast announced two months ago by the IMF.
Looking at the breakdown, we anticipate a harsh level of minus 6.1% in the US, minus 9.1% in the euro area, and minus 6.1% in Japan.
Also, China is forecasting a plus of 1%, but it is the lowest level in 44 years.
He also points out that it will be the first negative growth since 1961, when statistics for both emerging and developing economies were negative at 2.5%, leaving millions of people in extreme poverty.
In countries all over the world, the movement to resume economic activity is spreading recently, but the World Bank says that the global growth rate will deteriorate to -8% if the turmoil continues, such as the second wave of infection spread. .
US expansion period ended in 128 months
On the other hand, regarding the US economy, the government-recognized research institute "National Institute for Economic Research" announced on the 8th that the period of economic expansion that had continued from July 2009 ended in February this year.
The longest period of economic expansion since 1854, when the record was reached, has stopped at 128 months, 10 years and 8 months.