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Feature Story

The COVID-19 pandemic has spread with alarming speed, infecting millions and bringing economic activity to a near-standstill.

Empty highway in Dubai because on coronavirus. Sign advertising the Stay Home Stay Safe campaign.

A new report presents a comprehensive look at the challenges and opportunities to rekindle productivity growth.



The June 2020 Global Economic Prospects describes both the immediate and near-term outlook for the impact of the pandemic and the long-term damage it has dealt to prospects for growth. The baseline forecast envisions a 5.2 percent contraction in global GDP in 2020—the deepest global recession in decades, despite the extraordinary efforts of governments to counter the downturn with fiscal and monetary policy support.


Over the longer horizon, the deep recessions triggered by the pandemic are expected to leave lasting scars through lower investment, an erosion of human capital through lost work and schooling, and fragmentation of global trade and supply linkages.



Marcello Estevão

Global Director

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Debt & Fiscal Risks Toolkit

The World Bank Group helps countries manage debt and fiscal risks effectively. We offer a specific set of tools and reports to help countries balance the need for financing development while minimizing costs and risk.

Global Economic Prospects

The semi-annual Global Economic Prospects (GEP) report assesses the global outlook for growth and stability in emerging and developing countries.

Commodity Markets Outlook

Published twice a year, the Commodity Markets Outlook (CMO) report assesses global trends in commodity market developments.

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