Global economy

After a sharp drop in 2020, economic activity should pick up from 2021 amidst uncertainties

16/09/2020 JPG

GDP has fallen sharply across G20 countries, reflecting the ongoing global health crisis and policy restrictions to stop the spread of COVID-19. The strength of recovery will depend on how effectively the virus can be controlled, consumer and business confidence, and the extent to which government support to maintain jobs and help businesses succeeds in boosting demand.