The Worst Economic Downturn Since the Great Depression
For the first time since the Great Depression, both advanced economies and emerging market and developing economies are in recession.
For this year, growth in advanced economies is projected at -6.1 percent. Emerging market and developing economies with normal growth levels well above advanced economies are also projected to have negative growth rates of -1.0 percent in 2020, and -2.2 percent if you exclude China.
IMF’s projection for specific countries of the world
Data for the European countries (GDP & Unemployment projection for 2020)
Income per capita is projected to shrink for over 170 countries.
Both advanced economies and emerging market and developing economies are expected to partially recover in 2021.
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