-4.9% Global GDP 2020 Forecast




The coronavirus has brought illness, death, unemployment, hardship, uncertainty, and a widespread recession. According to the IMF’s World Economic Outlook, global economic production of all goods and services is forecast to decline by 4.9% in 2020, gutting production by a whopping $4 trillion. For comparison, the size of this downturn is greater than Germany’s total output. Society has been hit by a wrecking ball stemming from the universal lock-down economic sudden stop. robo.1db.com

Consumer spending, accompanied by a surfeit of private and public investment is touted as the surest way back to pre-covid19 normal. However, under these survival first conditions – folks have cut back on unnecessary expenditures and impulse buying. They have opted instead to save more and spend less as their post covid19 default. The shift has created an enormous amount of liquidity that is rapidly accumulating in bank accounts and financial markets. Stocks and real asset prices have responded favorably.

All folks can now #invest their hard-earned money into leading stocks, real estate, bonds, and government securities empowered by financial technology #fintech. Check out 1db.com’s #Robo advisor, “where the future of investing is now.”

#minimalism #stocks #bonds #savemore #spendless #robo #digitaladvisor

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