Latest update: 20 October

In the October 2021 World Economic Outlook of the IMF, global growth forecasts for 2021 were revised downward by 0.1 percentage points from July forecasts to 5.9%. (Oct 12)

According to the World Bank, the sub-Saharan African region is forecast to grow by 3.3% in 2021. The 2021 economic growth forecast for Nigeria and South Africa has been forecast at 2.4% and 4.6% respectively. (Oct 6)


Unemployment rate in OECD Nations in August 2021


The OECD's projected growth for the global economy 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: 16 June

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