Next year will be all about getting the coronavirus under control and igniting global economic growth after a year of shock and the deepest recession since the Great Depression. However, analysts warn that the real recovery can only begin in the middle of next year. This year’s unprecedented downturn was very different from the crisis of 2008-09, and the recovery will also be a very different one, said Goehring & Rozencwajg Associates managing partner Leigh Goehring. “This global pandemic caused a huge economic shock, with the U.S. alone seeing its Q2 GDP fall 31.4%. It was the first such huge economic shock in the … (full story)
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