The analytical digest, compiled by Roscongress Foundation experts, examines the interim results of efforts to mitigate the negative economic consequences of the pandemic, as well as the ability of different countries to overcome the crisis. The global economy is suffering severe shocks brought about by the global spread of COVID-19. Governments around the world have had to impose lockdown measures in the fight against the pandemic, including through the closure of state borders, which has led to significant reductions in economic activity, decreased trade volumes, disrupted global supply chains, sparked investment outflows, and increased national budget deficits, affecting developed and developing countries alike.
It is expected that global GDP will contract by 6% in 2020, and foreign direct investment will fall by 40%. The majority of governments around the world have taken unprecedented measures to support their populations and businesses. The analytical digest looks at the current state of the economy and the outlook for overcoming the crisis around the world, covering North America (with a case study of the USA), Latin America and the Caribbean, Europe, Northeast, Southeast and Central Asia, the Middle East, and North Africa.