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CFAL Global Economic & Market Review Q3 2020

17 November, 2020

In the third quarter, the global economy rebounded, but the pace of growth remained far below pre-pandemic levels. Early in the quarter, newly released second quarter GDP data confirmed that the global economy contracted at an exceptional rate due to week-long lockdowns and the closure of businesses. In the third quarter, the data improved as some countries continued to relax measures which led to an immediate boost in economic activity....