Global Issues

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World Economic Outlook, June 2020 Update    Selected Economies Real GDP Growth    (Percent change)         Difference from April 2020 WEO Projections 1/    Projections   2018201920202021 20202021          Argentina–2.5–2.2–9.93.9 –4.2–0.5 Australia2.81.8–4.54.0 2.2–2.1 Brazil1.31.1–9.13.6 –3.80.7 Canada2.01.7–8.44.9 –2.20.7 China6.76.11.08.2 –0.2–1.0 Egypt 2/5.35.62.02.0 0.0–0.8 France1.81.5–12.57.3 –5.32.8 Germany1.50.6–7.85.4 –0.80.2 India 2/6.14.2–4.56.0 –6.4–1.4 Indonesia5.25.0–0.36.1 –0.8–2.1 Iran 2/–5.4–7.6–6.03.1 0.00.0 Italy0.80.3–12.86.3 –3.71.5 Japan0.30.7–5.82.4 –0.6–0.6 Kazakhstan4.14.5–2.73.0 –0.2–1.1 Korea2.92.0–2.13.0 –0.9–0.4 Malaysia4.74.3–3.86.3 –2.1–2.7 Mexico2.2–0.3–10.53.3 –3.90.3 Netherlands2.61.8–7.75.0 –0.22.0 Nigeria1.92.2–5.42.6 –2.00.2 Pakistan 2/5.51.9–0.41.0 1.1–1.0 Philippines6.36.0–3.66.8 –4.2–0.8 Poland5.34.1–4.64.2 0.00.0 Russia2.51.3–6.64.1 –1.10.6 Saudi Arabia2.40.3–6.83.1 –4.50.2 South Africa0.80.2–8.03.5 –2.2–0.5 Spain2.42.0–12.86.3 –4.82.0 Thailand4.22.4–7.75.0 –1.0–1.1 Turkey2.80.9–5.05.0 0.00.0 United Kingdom1.31.4–10.26.3 –3.72.3 United States2.92.3–8.04.5 –2.1–0.2          Source: International Monetary Fund, World...

https://www.imf.org/en/Publications/WEO/Issues/2020/06/24/WEOUpdateJune2020Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. The COVID-19 pandemic has had a more negative...

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