This article discusses the outlook for the industrial world based on the recent national accounts releases for the first quarter of 2020, the IMF World Economic Outlook April 2020 and other recent economic data. The first quarter decline indicates that the decline of the world advanced economies will be greater than expected and this will certainly cause the rest of the world economy to perform poorly. Another difficult point is the forecast or assumption about the world oil price. The oil price will certainly recover to a higher level, but the volatility suggests the energy economy of the world will be unstable. What is the burden that this will place on the world economy?

Source: Dhaka Tribune May 06, 2020 16:41 UTC