Business Experts: Global Recession has already started

Four former chief economists of the IMF and some economists at Goldman Sachs and Morgan Stanley are suggesting that the global economy has already stepped into a recession as the business activity is constantly grinding towards a halt during this Corona pandemic. It says, China is affected much more than expected and the US & European countries are slowly facing the same. But on a good note, Deutsche Bank says while they expect a recession in the first of this year, they also expect a sharp recovery in second half.

Source: Devin Banerjee, CFA