Latest update: 20 January

World Bank forecasts global economic growth at 4% in 2021 as vaccine rollout becomes widespread, following an estimated 4.3% contraction in 2020.

Chinese economy expands by 6.5%  in Q4 2020, taking the full year growth to 2.3% in 2020, according to National Bureau of Statistics.


Consensus forecast for world GDP growth in 2020


Unemployment rate in the US in December 2020, unchanged from the previous month

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: technology -

Latest update: 8 January

GlobalData has analysed the impact of Covid-19 on the leading companies operating in 17 separate sectors within technology, media, and telecoms (TMT), with all TMT sectors negatively impacted by Covid-19 in 2020. IT services has been the hardest-hit subsector.

Some areas, including telecom services, some telecom infrastructure, and cloud-based solutions, are holding up well or growing. Operators moved forward CAPEX to support critical connectivity requirements and are restarting 5G, edge computing and other initiatives that had been put on hold or slowed down.

Sector indices

The technology and telecom market is holding up relatively well uner pressure. New product and service launches continue

Revenue predictions

Enterprise technology & services 

Subsector impact