From 2020 to 2025, the cumulative world economic loss in output relative to the pre-pandemic projected path is projected to grow to $28 trillion.
The Pandemic is costing the world economy $4 trillion in 2020. The world will have a lost year and the pause in global growth is not projected to be recovered. The world will return to growth but will not catch up to where it would have been.
The five nations with the highest Covid-19 death counts — U.S., Brazil, India, Mexico and U.K. — will have a one year total GDP decline of nearly $1.8 trillion in nominal terms and $2.1 trillion after having been adjusted for differences in purchasing power.
From 2021 to 2025, China will have the largest share of world economic growth. It is expected to be as much the next three countries combined. The next three will be India, USA and Indonesia.
SOURCES: Bloomberg, IMF
Written By Brian Wang, Nextbigfuture.com