Latest update: 14 April

The US Federal Reserve has projected the economy to grow by 6.5% in 2021, its strongest growth for the last four decades.

Philippines’ real GDP contracted by 9.6% in 2020 with Q4 2020 economic growth at -8.3%.


Unemployment rate in OECD nations in February 2021


Consensus forecast for world GDP growth in 2021

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: 14 April

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, although IT Services has been the hardest hit.

Despite this, 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 now restarting 5G, edge computing and other initiatives temporarily put on hold or slowed down.

Sector indices

Revenue predictions

Enterprise technology & services 

Subsector impact