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UK-headquartered global analysts Oxford Economics released an in-depth analysis of the global economic momentum. In response to the first signs of successful coronavirus containment, some governments begin to explore lifting lockdown restrictions. Still, the latest economic data confirm that the economic costs of shutdowns are and will be significant
Global Economic Trends . China’s GDP performed better than estimated, falling by 6.8% in Q1, but the pace of improvement in March was quite slow. In the US the monthly industrial output dropped 5.4% and retail sales plunged 8.7% in March, signals that the adverse effects of lockdowns may prove e...