The forecast assumes a manageable second wave of coronavirus infections by fall.
The global stock market’s capitalization has climbed by roughly $22 trillion from the March low.
Economic orthodoxies are getting tossed aside at a furious pace.
Capitals from Berlin to Washington and Canberra this week are shaking off fiscal restraint.
Dashed are the hopes from just a few weeks ago that the world economy would track a V-shaped trajectory.
A health crisis could be enough to wipe more than $1 trillion from global gross domestic product.
With the phase one trade agreement between the U.S. and China now inked, observers are hesitant to declare a winner.
The U.S. airstrike that killed one of Iran’s most powerful generals is a jolting reminder of how fragile the outlook remains.
The amount of combined global government, corporate and household debt has reached $250 trillion.
A wave of rate cuts and hopes for a U.S.-China trade deal have helped lift the markets.
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