Worldwide Expectation of Growth in 2021! Rebound?
The COVID -19 has impacted the expected change in GDP of all economies worldwide. In 2019 the global percentage change in GDP was 2.9% positive in 2020 it is expected to impact negatively by -3.0%. Though expectations are there of a rebound and extremely impactful 2021 with a positive change in GDP by 5.7%. The ASEAN 5 comprising of Malaysia, Singapore, Indonesia, Thailand, and Philippines will show the least impact in 2020 with -0.6% change in GDP compared to 4.8% in 2019. The ASEAN 5 is expected to have highest change positively in the percentage change in regional GDP of a magnitude of 7.7% in 2021.