Global Recession Now Inevitable, Economist Intelligence Unit Says

The global economy now appears headed for negative growth in 2020 because of the Covid-19 pandemic, according to the Economist Intelligence Unit. What precisely that means for most communications service providers is not clear, however.

Growth Forecasts, G20 countries in 2020
Real GDP growth (% in 2020)	Real GDP growth (% in 2020)	Previous forecast (before outbreak)
Argentina	-6.7	-2
Australia	-0.4	2
Brazil	-5.5	2.4
Canada	-1.3	1.8
China	1	5.9
France	-5	1
Germany	-6.8	0.9
India (2020/21 fiscal year)	2.1	6
Indonesia	1	5.1
Italy	-7	0.4
Japan	-1.5	0.4
South Korea	-1.8	2.2
Mexico	-5.4	1.1
Russia	-2	1.6
Saudi Arabia	-5	1
South Africa	-3	1.4
Turkey	-3	3.8
UK	-5	1.1
US	-2.8	1.7
Global (market exchange rates)	-2.2	2.3

source: Economist Intelligence Unit