SINGAPORE (July 2): Gross domestic product (GDP) numbers may be likely to emerge on the upside for 2Q20 relative to consensus forecasts, says Oxford Economics senior economist Tamara Vasiljev.
In a report dated 30 June, Vasiljev says the upside may be seen especially for the Eurozone, UK, and US economies. China and Japan’s economies are likely to remain closer to consensus forecasts.
Despite the surprise, uncertainties for 2Q’s GDP numbers remain high. This is due to a recession arising from the global outbreak that’s never been seen before.