Forecast for 2020: 3 or 7 percent decline

In the current situation, GKI considers it difficult to make any detailed forecasts. Therefore, it only undertakes to present the possible main trends based on two scenarios. The COVID-19 is already a worldwide pandemic; however, its depth and duration are completely uncertain. While the Chinese economy is starting to show signs of recovery, COVID-19 is now spreading in Europe, and strict measures are being introduced to restrict the movements of people. The general downturn in the world’s stock exchanges, with occasional positive corrections, illustrate a climate of general fear and uncertainty.

You can download the forecast from here.

The archive of earlier forecasts is available here.