The COVID-19 recession has seen the fastest, steepest downgrades in consensus growth projections among all global recessions since 1990

Consensus forecasts of global GDP (percent)

1991

2009

2020

September to December shows forecasts made in the previous year, while January to June shows data for the current year. Data for 1991 are for advanced economies only due to data availability.

Source: Consensus Economics, World Bank