The International Monetary Fund (IMF) released a revision to its previous economic outlook data, showing a further downward revision of global GDP through 2021 due to the covid-19 pandemic. The IMF’s update quotes a larger-than-expected negative impact to markets than it forecasted in April, but as shown in the chart below, we at Marsoft had already expected a similar drop and subsequent recovery weeks earlier in our published Q2 2020 reports.
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