12 May
The GDP growth forecast for European countries and the US have been revised downwards yet again — with estimates for France seeing the biggest drop.
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Italy remains the country likely to take the biggest hit according to this week’s GlobalData forecasts, with the country’s economy expected to shrink by 9.4% during 2020.
France now expected to see a 8.4% shrinkage of GDP over the year, compared to last week’s estimate of 7.4%.
The UK economy is expected to shrink by 7.6% this year, Germany’s by 6.7% and that of the US by 5.3%.
Both China and India continue to register modest estimated positive growths of 0.8% and 1% respectively.
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By GlobalDataStock markets have seen some positive growth from last week in all markets except India.
Covid-19 macroeconomic dashboard
We are using exclusive dynamic figures provided by GlobalData analysts to track key economic indicators in major world economies hit by Covid-19. Deaths from the virus are plotted alongside the indexed performance of each country’s major stock exchange. Figures are tracked daily from the March 1, 2020.
