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Double-Dip Recession Is Looking Likely, IHS Says

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

A new report from IHS Markit warns that rising COVID-19 virus infection rates have increased the risk of a W-shaped or double-dip global economic cycle and a second recession. “IHS Markit has upwardly revised its forecast for global growth in 2020 slightly,” Nariman Behravesh, chief economist at IHS Markit, and Sara Johnson, executive director of…

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