The IMF – and other international organizations – have predicted a severe global recession following the major disruptions to economic and social activities in the wake of COVID-19.
Here is a map of the world reflecting the imprint of the coronavirus pandemic.
The number of countries with either severe or moderate negative GDP growth – depicted in red and yellow – dominate this map. This was not even considered a remote possibility a few months ago. While the IMF’s April 2020 World Outlook expects a robust recovery in 2021, there is now growing recognition that global recovery might not happen until 2023.