The Economic Situation Post-Covid-19

OECD released an interim Economic Outlook report providing an updated look at the coronavirus pandemic’s effect on the world economy. 🌏

Restoring confidence will be key to successful economic recovery. 📈

G20 countries except 🇨🇳 are projected to fall into recession this year

A swift but fragile recovery projected for the global market in 2️⃣0️⃣2️⃣1️⃣

Expectation over global GDP: to return to its pre-pandemic 🦠level by Q3 2021 📆

Uncertainty though remains high and the strength of the recovery depends on numerous variables, resulting in an upside and a downside scenario 📊

OECD projects global GDP to fall by 4.5% this year before growing 5% in 2021 🚀