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What is the Recovery Path of the Global Economy? Findings from a Worldwide Survey of Economic Experts

Author

Listed:
  • Dorine Boumans
  • Anna Pauliina Sandqvist
  • Stefan Sauer

Abstract

In August, the ifo Institute surveyed 950 economists in 110 countries on the short- and long-term effects of the coronavirus pandemic on the global economy. The experts’ expectations of a significant decline in growth in almost all countries would result in a combined decline in global economic output of −4.4 percent in 2020. According to the results, the recovery phase is likely to be slow and in many places will last until 2022 or even longer.

Suggested Citation

  • Dorine Boumans & Anna Pauliina Sandqvist & Stefan Sauer, 2020. "What is the Recovery Path of the Global Economy? Findings from a Worldwide Survey of Economic Experts," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(10), pages 62-67, October.
    • Handle: RePEc:ces:ifosdt:v:73:y:2020:i:10:p:62-67
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    References listed on IDEAS

    as
    1. Boumans Dorine & Garnitz Johanna, 2017. "Ifo World Economic Survey Database – An International Economic Expert Survey," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 237(1), pages 71-80, February.
    2. Stefan Sauer & Klaus Wohlrabe, 2020. "ifo Handbuch der Konjunkturumfragen," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 88.
    3. Dorine Boumans & Sebastian Link & Stefan Sauer, 2020. "Covid-19: The World Economy Needs a Lifeline – But Which One?," EconPol Policy Brief 27, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
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    More about this item

    Keywords

    Weltwirtschaft; Internationale Konjunktur; Internationale Wirtschaft;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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