The June 2020 Global Economic Prospects describes both the immediate and near-term outlook for the impact of the pandemic and the long-term damage it has dealt to prospects for growth. The impact of COVID-19 in terms of cumulative incidences in these countries per 100,000 population differed considerably across the countries surveyed (Figure 7, Panel a). Data from 45 countries show containing COVID vs saving the economy is a false dichotomy ... worsen its impact on economies. The Covid-19 pandemic is unprecedented in its global reach and impact, posing formidable challenges to policymakers and to the empirical analysis of its direct and indirect effects within the interconnected global economy. Chart 1 also includes a regression line showing the nonlinear relationship between each country’s GDP growth in the second quarter and cumulative COVID-19 cases through June 30. The slowdown will have been concentrated in the first quarter of this year. While Pakistan and Afghanistan reported over 80 cases per 100,000 population, Thailand, … The impact on China’s economy of the Covid-19 outbreak is set to be much deeper than that of SARS. We note that growth in the second quarter was likely influenced by a wider range of factors than just the incidence of COVID … 10 Dec 2020 - The positive developments on Covid-19 vaccines are broadly in line with our baseline forecast for emerging markets – we expect a noticeable impact from mass vaccination programs from around mid 2021. GDP figures by the OECD for the third quarter of 2020 show the ongoing impact the coronavirus is having on economies around the world.. China was the … Oil-producing countries like Angola, Ghana, Gabon and Nigeria have seen their dollar-denominated debt drop sharply, with yields of some issues shooting above 20%, indicating soaring borrowing costs. In fact, if we examine the largest cluster, of European countries (the green dots), the relationship between GDP per capita and case rates is positive (0.379) – … This column uses a ‘threshold-augmented multi-country econometric model’ to help quantify the impact of the Covid-19 shock along several dimensions. Assuming that the virus does not flare up again, we expect China’s real GDP growth to stand at only 1% in 2020, compared with an estimated 6.1% in 2019. This article provides a general overview and documents the status of locations affected by SARS-CoV-2, the virus which causes coronavirus disease 2019 and is responsible for the COVID-19 pandemic.The first human cases of COVID-19 were identified in Wuhan, Hubei, China, in December 2019.The most recent country or territory to report its first confirmed case was Samoa on 18 November 2020. The countries set to be hardest hit by Covid-19's impact on tourism. The coronavirus pandemic, which was first detected in China, has infected people in 188 countries.