Coronavirus: UK among economies risking record slump
The BBC business analysis describes some of the preliminary predictions on the affect of the global pandemic. There are expectation for severe contraction of economic activities and waterfall effect for sectors that were partially insulated form the crisis up until now. The US 2020 GDP is expected to contract with 5.5% for 2020, which will be a major blow to the global economy. In these uncertain times defaults and bankruptcies are expected all over the place and the need for CDS secured contracts is even grater. Deriveum provides such an opportunity.
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