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

2019 average

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.

Sector indices

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.

Revenue predictions

Supply and demand disruption

Sub-sector impact

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