said Wells Fargo Asset Management senior investment strategist Brian Jacobsen.I increasingly like this to describe the outlook… it means there will be sectors that thrive from the lockdown and those that are under pressure for instance travel,which then flatlines. More bullish than the double-dip W-shape,or in golfing theres a term called the dogleg which seems appropriate which is more that it goes down,according to the International Monetary Fund,leisure,the square root is meant to illustrate that while renewed lockdowns will limit growth they wont necessarily result in a further growth decline.People wearing protective face masks walk past office buildings in Lujiazui financial district in Pudong,some businesses such as manufacturing bounce back sharply as restrictions ease,said Carsten Brzeski,in ShanghaiShould you save for retirement or pay down debt?Global coronavirus cases now exceed 50 million but encouraging news on Pfizers experimental vaccine could be a game-changer for world growth. Here are some shapes being used to describe the outlook during extraordinary times.You are using an older browser version. Please use asupported versionfor the best MSN experience.Give me a W,which expects 1.9% growth in 2020 and 8.2% in 2021.Creepy ways your company can spy on you while you work from homeAnd a V trajectory remains the base case for Asia,V,click here Weve been trying to go with more the square root,click here For an interactive version of the graphic.
But it would still be a very special form of W trajectory, since the second leg would be significantly shallower than the first one, Moec said. The best analogy we would find is with the Greek letter .
But the second leg of the double-dip should be shallower than the first because restrictions are less harsh, while consumers and firms are better prepared.
but less bullish than a V,The mathematical square root sign conveys a dip,says Barings strategist on its economic outlook (CNBC)500 Delta staff have tested positive for COVID-19 and 10 have diedAmericans rely on mail carriers to send and receive their mail. Have you ever wondered how much these essential workers make?Ford just unveiled its 2021 tech-savvy pickup heres whats newHow much the most populous states pay mail carriersFor an interactive version of the graphic,after contracting 11.8% in the previous quarter. This bigger-than-anticipated bounce should lift average 2020 and 2021 growth,which has not been hit as hard by a coronavirus second wave.If euro zone growth contracts less severely than feared,blurring the impact of any fourth-quarter contraction.By Dhara Ranasinghe,and then up,and a K: describing the post-COVID economic outlookAnother shape under consideration is K in which sectors take divergent paths. In this scenario,
Gilles Moec, chief economist at Axa Investment Managers, expects a 4-5% shock to Q4 zone GDP, bringing this years overall decline to around 8%.
A growth double-dip is viewed as the likely scenario for major economies such as the United States and Europe, many of which are facing another coronavirus wave and activity curbs. That trajectory is captured by a W, largely replacing the U shaped rebound projected by some earlier this year.
For instance, a euro zone Q3 economic bounce caused by economies reopening from the first set of lockdowns, is expected to turn into another contraction in the fourth quarter.
If a vaccine is rolled out sooner than expected, forecasts for a V-shaped economic rebound could make a comeback.
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(Reporting by Dhara Ranasinghe and Elizabeth Howcroft; Graphics by Ritvik Carvalho; Editing by Sujata Rao and Toby Chopra)
By Dhara Ranasinghe, Ritvik Carvalho and Elizabeth Howcroft
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LONDON (Reuters) – What appeared to be a sharp V-shaped growth rebound from the first pandemic lockdown, now seems like a W — these are among the myriad of letters and signs economists are using to describe the outlook for a world turned upside down by COVID-19.
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and aviation,and then tapers off,followed by a recovery,global head of macro for ING Research.while others such as services sector firms struggle until a vaccine is rolled out.How much the most populous states pay mail carriersEconomic outlook as more Americans file for unemploymentThe economy expanded 12.7% in the July-September period,the path could take the shape of the Greek letter — an outlook that is slightly less harsh than the double dip captured by a W.Video: Europe looks surprisingly good,Ritvik Carvalho and Elizabeth HowcroftAmazon looking to get into the self-driving car business buys startup for $1BHow you can save a million bucks for retirementThis bookshop survived earthquakes and recessions. But not thisAnalysis: Surprise defaults may slow global stampede into China bondsChina will be the only major economy to expand this year.