Best and worst performing economies during Covid
The Covid-19 pandemic has wreaked havoc on the global economy with the Organisation for Economic Co-operation and Development (OECD) projecting that the GDP of the G20 nations will fall by a combined 4.1% in 2020.
However, as certain countries have borne the brunt of the pandemic, so too have certain economies. The OECD has released its GDP projections for 2020 and 2021 see http://oecd.org/coronavirus/en/#data . They have found some countries will see their economic output decimated, while others have been less badly affected.
My thanks to New Model Adviser for publishing this information from the OECD
| Best Performing Economies | 2020 projected GDP growth | 2021 projection |
| China | 1.8% | 8.0% |
| South Korea | -0.1% | 3.1% |
| Turkey | -2.9% | 3.9% |
| Indonesia | -3.3% | 5.3% |
| USA | -3.8% | 4.0% |
| Those hit the hardest | 2020 projected GDP growth | 2021 projection |
| France | -9.5% | 5.8% |
| UK | -10.1% | 7.6% |
| Italy | -10.5% | 5.4% |
| Argentina | -11.2% | 3.2% |
| South Africa | -11.5% | 1.4% |