PwC MSME Survey 2020
Impact of COVID-19 on the global economy
The Great Lockdown: A synchronized contraction in economic growth across countries and territories in 2020
Economic outlook by region, percent
Economic outlook by selected countries/territories, percent
2.9
World
-3.0
5.8
1.7
4.5
3.7
-1.0
6.6
4.1
3.1
Advanced Economies Emerging Market and Sub-Sahara Africa
Developing
Economies
-1.6
-6.1
2019 2020 2021
Source: IMF, PwC analysis
4.7
2.3
1.2
4.7
United States
Euro Area
6.1
9.2
4.0
3.0
2.2
2.4 |
1.2
0.7
0.2
Japan
China
Nigeria
South Africa
-5.2
-5.9
-7.5
2019 2020 2021
-3.4
-5.8
The impact of COVID-19 is broad-based and phenomenal. All countries are exposed to the uncertainties that have grappled the global economies, and contagion risk is
significantly high.
Even though V-recovery is predicted for 2021, in the next decade, most developing economies are going to face a new challenge of debt trap while leading economies in Europe
and Asia will contend with debt overhang
PwC MSME Survey 2020
PwC
June 2020
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