Receive our newsletter – data, insights and analysis delivered to you

Covid-19 driven GDP contractions projected for US and Eurozone

By Paul Dennis

22 July

The US GDP is projected to contract by 6% due to the economic downturn caused by the Covid-19 pandemic.

Foreign direct investment inflows from the US into China continue to rise despite these projections.

Robin Brooks, chief economist at Institute of International Finance, shared a chart on the expected GDP contraction in the US by 6%.

He added that the Eurozone GDP is expected to contract by 9%.

Brooks noted that a larger output gap and deflationary momentum is expected in the Euro zone as a result of the GDP contraction.

Content from our partners
The added value of Qarad’s multilingual freephone service to their eIFU solution
Small and simple: how medical device manufacturers select materials
Precision wire: The future of bespoke medical treatment

Read more

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The medical device industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU