Economist Intelligence Unit lowers 2020 growth forecast to 2.2%
The Economist Intelligence Unit has lowered its global growth forecast for 2020 to 2.2%, from its earlier estimate of 2.3%. The dip was due to the new risks that have emerged following the virus outbreak in China, which was recently named by the WHO as COVID-19.
The real GDP forecast for China in 2020 was also decreased to 5.4%, from the earlier estimate of 5.9%. The agency has assumed that the spread of the virus will be contained by the end of March.
Originally written on
February 13, 2020
and last modified on
November 21, 2020.
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