The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Two months ago, the IMF reported a 3% reduction in global GDP, but now it expects a decrease of 4.9% as the quarantine measures are still in force. COVID-19 has caused widespread and profounder damage to the global economy than expected.
Moreover, the IMF believes that in 2021, there will be a new major outbreak of coronavirus, so the economic recovery may be weaker.
Quarantine and social distancing have hit both investment and consumption, however, many countries are coming out of quarantine and the situation is improving.
The IMF reported that developed economies were severely damaged. The US GDP is expected to shrink by 8.0% in 2020, and the eurozone economy may contract by 10.2%.
In Latin America, the coronavirus cases continue to grow. So, 2020 could bring losses for Brazil, Mexico, and Argentina. GDP of these countries could fall by 9.1%, 10.5%, and 9.9% respectively.
Perhaps only China is a country with growing GDP. Thanks to the work resumption and a small number of infected people China's GDP may rise by 1.0% in 2020.
Nevertheless, the IMF noted that governments and central banks would help to repair the damage caused by the pandemic thus boosting the recovery.
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