Goldman Sachs expects a decline in global GDP in 2020 by 1%, and it will be more powerful reduction than after the financial crisis of 2008.
the Governments of various countries are taking unprecedented steps to contain the epidemic of the coronavirus. These measures could provoke a recession of the world economy.
"Coronaries - or, to be more precise, the answer to the crisis is a physical (as opposed to financial) as a deterrent to economic activity, is unprecedented in postwar history," wrote investment Bank clients.
Goldman Sachs expects developed economies, "very sharply reduced" in the second quarter, including a fall in economic activity in the U.S. is 24%. This is two and a half times larger than the previous postwar record.
last week, Goldman Sachs again lowered its forecast prices for Brent crude in the second quarter to the third to $ 20 per barrel.
in addition, the Bank expects global oil demand to a record level of 1.1 million barrels a day this year amid the impact of the epidemic of the coronavirus in economic growth.