ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Coronavirus has sent world into recession, Wall Street says

Goldman Sachs, Morgan Stanley and S&P revise global growth forecasts

An air traveler sits among empty seats on a Delta flight to San Francisco, after further cases of coronavirus were confirmed in New York, at JFK International Airport, New York on March 17.   © Reuters

NEW YORK -- The global economy is entering a recession this year as the COVID-19 crisis spirals outside Asia, Wall Street warns.

Goldman Sachs, Morgan Stanley and S&P Global on Tuesday revised their global growth forecasts to recession levels, with more countries in the West going into lockdown mode in recent days.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more