Mapping The Recovery From The Global Recession Of 2020

Country 2020P 2021P 2022P
South Africa -8.13 3.09 2.53
Iceland -7.68 3.00 3.20
Poland -3.51 2.92 3.82
Turkey -1.30 2.92 3.20
Russia -4.28 2.85 2.23
South Korea -1.09 2.84 3.36
Germany -5.53 2.80 3.31
New Zealand -4.81 2.73 2.63
Slovakia -6.29 2.68 4.34
Lithuania -1.95 2.67 3.14
Country 2020P 2021P 2022P
Brazil -6.02 2.62 2.16
Hungary -5.66 2.55 3.40
Latvia -4.35 2.40 4.01
Japan -5.29 2.32 1.49
Israel -4.15 2.27 4.20
Switzerland -4.69 2.16 3.38
Romania -5.32 2.01 4.41
Costa Rica -5.58 1.99 3.84
Denmark -3.88 1.80 2.51
Portugal -8.43 1.72 1.87
Country 2020P 2021P 2022P
Finland -3.97 1.54 1.83
Czech Republic -6.79 1.50 3.27
Luxembourg -4.45 1.47 3.76
Austria -8.03 1.38 2.31
Greece -10.1 0.90 6.58
Netherlands -4.55 0.82 2.95
Ireland -3.20 0.11 4.27

China started recovering earlier than most countries and is projected to be the only country with positive GDP growth in 2020. Strong growth will continue in 2021 when China will account for over one-third of global economic growth.

Meanwhile, India experienced one of the world’s tightest lockdowns and will see a large GDP drop in 2020. The decline has exacerbated inequality, as school closures disrupt meal programmes and prompt dropouts by disadvantaged children. While the economy is forecast to grow from 2021-2022, it may take almost two years for GDP to fully recover.

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