Other GDP-related dashboards:Historical GDP by countryHistorical GDP per … Manuals, guides, and other material on statistical practices at the IMF, in member countries, and of the statistical community at large are also available. Oil exporters in the Middle East, and Central Asia region will see their economies contract 3.9%, with Saudi Arabia's GDP shrinking 2.3%, the UAE 3.5% and Iraq 4.7%.
World Economic Outlook, April 2020: The Great Lockdown April 6, 2020 Description: The COVID-19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. "A partial recovery is projected for 2021, with above trend growth rates, but the level of GDP will remain below the pre-virus trend, with considerable uncertainty about the strength of the rebound," Gopinath said.EDF sees Eur1 billion impact from coronavirus, offset by higher pricesAccess latest metal news and analysis, conferences and events.Access latest gas news and analysis, conferences and events.IMF previously assumed 2020 oil price of $58.03/b- {{metadata.tags.article.location}}We generated a verification code for youOil exporters in general will see their growth shrink 4.4% in 2020 due to the crude price crash, the report said.
This page presents GDP forecast figures by country for the period from 2020 to 2024 as estimated by the IMF in its latest edition of World Economic Outlook (WEO) as of October 2019. Are you sure you want to delete this document?Live data and insights on Coronavirus outbreak around the world, including detailed statistics for the US, Italy, EU, and China. "The coronavirus crisis has had an estimated Eur1 billion ($1.18 billion) impact on EDF, the French...- {{metadata.tags.article.location}}Receive daily email alerts, subscriber notes & personalize your experience.IMF slashes 2020 oil price forecast to $35/b as global economy set to contract 3%Access latest agriculture news and analysis, conferences and events. However future prices are unlikely to return to pre-coronavirus levels, the report said.By comparison, in 2010 global growth rebounded to 5.4% from a 0.1% contraction in 2009.Oil prices are currently trading below the fund's forecast despite the OPEC+ group agreement on Sunday to cut a record 9.7 million b/d in May and June this year and gradually decrease cuts through April 2022.In this week’s Market Movers: an unusual discount held by NYMEX ULSD futures versus NYMEX RBOB is...Access latest petrochemicals news and analysis, conferences and events.In its January report, the fund assumed an oil price of $58.03/b in 2020, and $55.31/b in 2021.
{{metadata.tags.article.commodity}}"Much worse growth outcomes are possible and maybe even likely," the IMF's Economic Counsellor, Gita Gopinath said in a foreword for the report. As a result of the pandemic, the global economy is projected to contract sharply by –3 percent in 2020, much worse than during the 2008–09 financial crisis.
"This would follow if the pandemic and containment measures last longer, emerging and developing economies are even more severely hit, tight financial conditions persist, or if widespread scarring effects emerge due to firm closures and extended unemployment. "The fund was ready to use its $1 trillion in available financial resources to help member countries cope with the coronavirus outbreak, which is set cost the global economy a cumulative output loss in 2020 and 2021 estimated at $9 trillion, Gopinath told the press conference broadcast on the fund's website.Access latest coal news and analysis, conferences and events.The global economy is expected to recover in 2021 if the pandemic fades in 2021, where growth will rebound to 5.8% "as economic activity normalizes, helped by policy support.
{{metadata.tags.article.published_time}}It’s free and easy to do. { parent.indicator.unit } { related.length } Home; What's New; Site Map; Site Index; About the IMF; Research "These developments are expected to weigh heavily on oil exporters with undiversified revenues and exports -- particularly on high-cost producers -- and compound the shock from domestic infections, tighter global financial conditions, and weaker external demand. Changes to the April 2020 Database.
"Although essential to contain the virus, lockdowns and restrictions on mobility are extracting a sizable toll on economic activity. Oil prices are currently trading below the fund's forecast despite the OPEC+ group agreement on Sunday to cut a record 9.7 million b/d in May and June this year and gradually decrease cuts through April 2022. Adverse confidence effects are likely to further weigh on economic prospects. The WEO database and publication are updated and published twice a year, usually in April and October as documentation for meetings of the International Monetary and Financial Committee, and forms the main instrument of the IMF's global surveillance activities.Official announcements regarding the WEO release date come from the IMF Communications department via IMF.org, email alerts, and other official channels.