The World Bank estimates of the economic growth of different countries
News_Code: 355001 1/9/2021 9:45:00 AM
The World Bank estimates of the economic growth of different countries
The World Bank announced: the global economy shrank 4.3 percent last year.
 

In its new World Economic Outlook, the World Bank forecasts that global average economic growth will reach a positive 4% this year. According to it, the corona outbreak and the delay in vaccine development caused the global economy to shrink by an average of 4.3 percent last year. According to the agency, the corona epidemic's negative consequences on the global economy will continue for years. If the quarantine resumes widely around the world following the new mutations of the coronavirus, the situation should be expected to worsen.

The World Bank has warned of a significant increase in poverty, citing a 90 percent drop in per capita income in some less-developed countries, adding that this could lead to poverty traps in some countries. 

The following is the economic situation of the selected countries: 

1- America

Estimated economic growth in 2020: negative 3.6 percent

Projected economic growth this year: 3.5%

 

2- Eurozone

Estimated economic growth in 2020: negative 7.4 percent

Projected economic growth this year: 3.6 percent

 

3- Japan

Estimated economic growth in 2020: Negative 5.3%

Projected economic growth this year: 2.5%

 

4- China

Estimated economic growth in 2020: Positive 2%

Projected economic growth this year: 7.9%

 

5- Armenia

Estimated economic growth in 2020: negative 8%

Projected economic growth this year: 3.1 percent

 

6- Republic of Azerbaijan

Estimated economic growth in 2020: negative 5%

Projected economic growth this year: 1.9 percent

 

7- Russia

Estimated economic growth in 2020: negative 4%

Projected economic growth this year: 2.6 percent

 

8- Turkey

Estimated economic growth in 2020: Positive 0.5%

Projected economic growth this year: 4.5%

 

9- Saudi Arabia

Estimated economic growth in 2020: Negative 5.4%

Projected economic growth this year: 2 percent

 

10. UAE

Estimated economic growth in 2020: Negative 6.3%

Projected economic growth this year: 1 percent

 

11. Afghanistan

Estimated economic growth in 2020: Negative 5.5 percent

Projected economic growth this year: 2.5%

 

12- Pakistan

Estimated economic growth in 2020: Negative 1.5 percent

Projected economic growth this year: 0.5%

 

13- Brazil

Estimated economic growth in 2020: Negative 4.5 percent

Projected economic growth this year: 3 percent