Download GlobalData’s Covid-19 Executive Briefing report
- ECONOMIC IMPACT -
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
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.
The technology and telecom market is holding up relatively well uner pressure. New product and service launches continue
Enterprise technology & services
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