Is a U-Shaped “Greater Recession” Consistent With a V-Shaped Equity Market Recovery?

GLOBAL OUTLOOK SCENARIOS

By Nouriel Roubini and Brunello Rosa

16 April 2020

In this paper we discuss:

• Our latest scenarios for the global economy;
• Sequential and annual growth for the world’s major economies;
• Why we believe that there will be a Greater Recession rather than a V-shaped recovery or a depression; and
• Why the market is pricing a V-shaped recovery, and whether this rally will last.

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Download PDF: R&R V Markets vs U Economy – April 2020