Eurozone annual GDP

eurozone quarantine

A Two-Month Quarantine Can Mean A Recession Of -3.6% In The Eurozone’s Annual GDP

Unigestion | The current shock that the investment world is facing has three unique features: it is exogenous, it will likely be temporary, and its effect on the real economy is extremely uncertain. According to our core scenario, 2020 should see the first global recession since the Great Financial Crisis. This scenario assumes that the quarantine will have a limited impact on financial services, insurance, utilities and healthcare services, and leaves 20% of usual energy consumption.