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A simple chart that shows the global economic picture

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While the economic impact of COVID-19 varies across the globe – depending on factors from economies’ efforts to contain it, level of development and types of industry, to the stimulus packages available – it’s useful to understand the global economic picture before the pandemic

Before COVID-19, the global economy stood at $88 trillion.

In June, the International Monetary Fund’s (IMF) World Economic Outlook projected global growth at -4.9% in 2020, Next year, the IMF projects global growth at 5.4%.

https://www.weforum.org/agenda/2020/10/global-economy-gdp-growth-covid-19/

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By Lynn Wood

16 October 2020

 
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