French BNP Paribas Group has warned of the worst recession ever for the global economy due to the Corona pandemic.

According to Arabeya Net, the group indicated that the data on the ground do not necessarily reflect the poor state the economy has reached due to the consequences of the pandemic.

The recession that hits the global economy scene by the consequences of the pandemic will be the worst of The launch, with a sharp drop in all economic activities, according to the British Financial Times.

He added: We have a belief that the recovery of the economy will take a U-shaped model and not a V-shaped model as some believe, in reference to the length of the recession that the global economy may take, where it is characterized The first model, along the length of time needed to recover, means that the global economy may remain trapped in the recession for a long time.

Janboun warned that the rise of global stock markets after the violent selling wave in March does not necessarily reflect the reality of the conditions in the global economy scene.

"The strong rise that we have seen over the past few months has been very rapid, and it probably did not take into account the possibility of a second wave of injuries," he said. Mostly, the upsides are fueled by large-scale buying from small investors, but if we look at experienced and experienced senior investors, safe assets are definitely their preferred choice.

A study prepared by the CFA Institute, the institute devoted to financial market professionals and economic analysis, showed that all surveyed experts feared many years of stagnation due to the pandemic that has affected all The life walks of billions of people on the planet since its inception earlier this year.

The study found that global financial markets, which were once a true reflection of the state of the economy, lost any connection between it and the actual scene of the real economy on the ground.

A survey prepared by Bank of America found that only about 14% of fund managers expect a V-shaped recovery, while 44% expected the recovery to be a U-shaped, With about 10% expecting the recovery to take the form of the letter W, which means entering the global economy in successive stages of stagnation and relative recovery before it fully recovers.

About 60% of fund managers said that the economy is in actual recession, while about 71% said that prices are in ...