Download GlobalData’s Covid-19 Executive Briefing report
- ECONOMIC IMPACT -
Latest update: 18 November
After weeks of gradual decline, GDP estimates for many countries have levelled off. Negative GDP growth is forecast in all countries except China.
The European Commission estimates that
the Euro Area economy will contract by 7.8% in 2020 and then recover to 4.2% in 2021.
Consensus forecast for global GDP growth in 2020.
The EU’s seasonally adjusted unemployment rate for September 2020.
Global real GDP growth
% change on previous year
Pre-Covid-19 2020 forecast
Adjusted 2020 forecast
The cost of Covid-19
Estimated monthly cost of the Covid-19 pandemic globally
Cumulative loss for global economy over the next two years
- SECTOR IMPACT: Aerospace, defence and security -
Latest update: 2 December
The commercial aerospace sector has taken a severe hit, but the interdependent and complex relationship between aerospace and defence is expected to spread the damage in the sector.
Defence is being used as a stimulus measure in markets with large domestic capacity, particularly the US and UK, but there will be medium-term constraint due to fiscal pressures.
The interdependent relationship between aerospace and defence has helped to cushion the impact of Covid-19 on companies working across both segments. Targeted government aid will be instrumental to recovery in these sectors.
Supply and demand disruption