Bitcoin and gold might have buried the war ax. Both assets quickly become a safe haven and the narrative across society is changing. This is also due to the rhetoric of the largest banks in the world. Goldman Sachs predicts that the global economy will lose $ 17,815 billion in its second quarter report this year.
Goldman Sachs: Crisis
The figures were published by Bloomberg. They are related to the second quarter of this year and do not look attractive at all. It should be the greatest quarterly impact in human history. Advanced economies, which have 60% of world GDP, are to lose $ 17 billion.
The downturn is literally humiliating the crisis that the world experienced in 2008. On the other hand, its consequences may be short-lived and large companies are likely to recover to full speed in the third quarter.
Goldman Sachs, analyst Ian Hatzius, is primarily concerned that the rapid return of workers to the factories may prolong the coronavirus crisis and, at worst, repeat it. Instead, it offers a number of economic measures that Europe should mainly take. Simply put, print more money.
For the Third World, he worries about a long-term crisis. The states of Africa will probably need more money from the rich west.
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