G20 Nations Face Recession Risk Due to Coronavirus Outbreak

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Yosepha Pusparisa 01/04/2020 11:51 WIB

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The Economist Intelligence Unit predicts that the economies of G20 member countries will experience a recession as a result of the Covid-19 pandemic.

G20 Countries' Economic Growth Projections (2020)

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G20 Nations Face Recession Risk Due to Coronavirus Outbreak

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G20 Countries' Economic Growth Projections (2020)

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The Covid-19 pandemic has caused economic downturns in many countries, including those in the G20 group. The Economist Intelligence Unit (EIU) predicts that these countries will experience a recession in 2020.

Despite the downturn, the economies of India, China, and Indonesia are still predicted to show positive growth, estimated at 2.1%, 1%, and 1%, respectively.

European countries are among the hardest hit by Covid-19. Germany (-5%), France (-5%), and Italy (-7%) will experience a recession this year. Germany's large manufacturing sector, a major exporter, has been disrupted by weakened supply chains and demand due to the Covid-19 pandemic.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."