Watch the presentation by Alexis Garatti, Head of Economic Research at Allianz Trade, who talks about the impact of Covid-19 on the global economy.
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Covid-19: Quarantined Economics
6 Key Figures about the Impact of Covid-19 on the Global Economy
+0.5%
Global GDP growth forecast for 2020, the slowest pace since 2009
Global GDP growth forecast for 2020, the slowest pace since 2009
-4.5%
Forecast for decline in global trade of goods and services in volume in 2020
Forecast for decline in global trade of goods and services in volume in 2020
USD1064bn
Global export losses from one quarter of lockdowns around the world
Global export losses from one quarter of lockdowns around the world
65 million
Jobs requiring social assistance in the EU from Covid-19 related lockdowns
13,000
SMEs and midcaps at risk of bankruptcy in the Eurozone, with an average turnover of EUR40mn at risk
+14%
Forecast for rise in global insolvencies in 2020, (+7% increase in the US, a +15% rise in China and a +16% surge in Europe)
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