Download our Chartbook on Covid-19 "How bad could this get? Economic impact mapped"

by Shweta Singh, Managing Director, Global Macro

We compare the current shock with five previous major periods of economic turbulence. In aggregate the current shock is second only to the GFC. But even more worrying is the fall in discretionary spending and private consumption in general could exceed the GFC declines, not just in the rate but also in the magnitude: