Deprcon Outlook

July: Calm before the storm

Like we forecasted in April, and warned in mid-July, the “bounce” has arrived. Markets are breaking all-time-highs, but the bounce in economic indicators is turning out to be much milder than we anticipated (or even non-existent). China is also not recovering the way many thought, on which possibility we warned in January. This naturally is not good news for the world economy.

In this outlook, we continue to map the path of the global recession, which has already started in Europe and is likely to spread to the U.S. and to China in the coming quarters.

GDP Forecasts