The Graphic Truth: How COVID will affect major economies?
June 26, 2020
Lockdowns and social distancing restrictions have brought much of the global economy to a halt over the past few months. As the virus continued to spread (there are now cases in over 200 countries and territories) the IMF updated its original growth forecast for 2020 – twice – and the predictions are increasingly grim. The world's largest economies – China, the US and the Euro area – are set to experience massive year-on-year contraction. But there's a silver lining: The IMF says that there are signs of an economic recovery for these economic regions in 2021. Here's a look at the numbers.