The International Monetary Fund downgraded its forecast for 2020 to a 4.9% retraction in global growth. Coronavirus cases are re-escalating in new areas. Employment numbers continue to slide. Yet, retail sales are improving, and we’ve experienced significant gains in equity markets since the late March lows. So, are things getting better, or worse? Or is it too early to tell? In this episode of Market Points, Jean-François Perrault, Senior Vice President and Chief Economist at Scotiabank, provides his perspective on our economic prospects and some of the fundamental shifts we should prepare for.
