August 12, 2020

Macro Series

Global Letter: Our reference G7 multi-year GDP outlook

BY Soyon Park, John Llewellyn

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( 7 mins) On historical experience, G7 GDP will likely re-attain its 2019 Q4 level only in 2024 Forecasters make their biggest mistakes when an economy is hit by a shock that is both large (taken to be 2% of GDP or more) and novel. 1 This time, the COVID-19 lockdown shock is unquestionably large, and indubitably novel, […]

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