COVID-19 Global Economic Impact March 2020 Update

The economic impact of the Covid 19 coronavirus pandemic on the Global economy continues to expand.

Freedonia provides an updated outlook for Global economic activity in 2020, 2021, 2022, 2023, & 2024, with comparisons to the predictions made in February 2020, before Covid 19 cases began spreading outside of China.

Updated annual growth rates for real Gross Domestic Product (GDP) are given for the following:

  • World
  • North America
    • United States
  • Central & South America
    • Brazil
  • Western Europe
  • Eastern Europe
  • Sub-Saharan Africa
  • Mideast & North Africa
  • Asia/Pacific
    • China
    • India

Additional analysis of the economic impacts and risks are also provided.


The economic impact of the Covid 19 coronavirus pandemic on the Global economy continues to expand.

Freedonia provides an updated outlook for Global economic activity in 2020, 2021, 2022, 2023, & 2024, with comparisons to the predictions made in February 2020, before Covid 19 cases began spreading outside of China.

Updated annual growth rates for real Gross Domestic Product (GDP) are given for the following:

  • World
  • North America
    • United States
  • Central & South America
    • Brazil
  • Western Europe
  • Eastern Europe
  • Sub-Saharan Africa
  • Mideast & North Africa
  • Asia/Pacific
    • China
    • India

Additional analysis of the economic impacts and risks are also provided.

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook