The rapid rise of COVID-19 cases, together with the wide range of measures to slow the spread of the virus, has slowed economic activity precipitously in many EMDEs. Growth forecasts for all regions have been severely downgraded. Many countries have avoided more adverse outcomes through sizable fiscal and monetary policy support. Despite these measures, per capita incomes in all EMDE regions are expected to contract in 2020, likely causing many millions to fall back into poverty.
COVID-19 is expected to lead to the deepest global recession in decades, with baseline forecasts envisioning a 5.2 percent contraction in global activity this year. Click on the button to download data into Excel.
Connect With Us
Global Economic Prospects
1818 H Street, N.W. Washington, DC 20433 USA
Questions? Send us an email at prospects@worldbank.org.