[Infographic] COVID19 Impact on 2020 GDP Growth


COVID-19 has affected communities on multiple continents, with over 3500 deaths out of over 105,000 reported cases.

There are three possible scenarios for COVID-19 and its economic impact, reads an article by the McKinsey&Company.

  • Quick recovery scenario: Expected 2020 global GDP growth drops from 2.5% to ∼2.0%.
  • Global slowdown scenario: The economy will recover in late Q2, but 2020 global GDP growth drops to ∼1.0-1.5%.
  • Global pandemic scenario: This scenario results in recession, with global growth in 2020 falling to between -1.5% and +0.5%.

Did you subscribe to our daily newsletter?

It’s Free! Click here to Subscribe!

Source: McKinsey&Company


This site uses Akismet to reduce spam. Learn how your comment data is processed.