355-1 World Economic Outlook A Long and Difficult Ascent

Summary

The global economy is climbing out from the depths to which it had plummeted during the Great Lockdown in April. But with the COVID-19 pandemic continuing to spread, many countries have slowed reopening and some are reinstating partial lockdowns to protect susceptible populations. While recovery in China has been faster than expected, the global economy’s long ascent back to pre-pandemic levels of activity remains prone to setbacks.

Thumbnail image for The global economy is climbing out from the depths to which it had plummeted during the Great Lockdown in April. But with the COVID-19 pandemic continuing to spread, many countries have slowed reopening and some are reinstating partial lockdowns to protect susceptible populations. While recovery in China has been faster than expected, the global economy’s long ascent back to pre-pandemic levels of activity remains prone to setbacks.

Issuer

International Monetary Fund (IMF)

Year

2020

Region

International

Issuer (type)

International Monetary Fund (IMF) (International)

Policy Type

Other sustainability policy

Geographical scope

International

Mandatory or voluntary

Voluntary

Main industries targeted

Finance & Insurance
Mining, Quarrying, Oil & Gas Extraction
Manufacturing
Retail trade

Restrictiveness

Moderate

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 2: Zero Hunger
SDG 3: Good Health and Well-being
SDG 7: Affordable and Clean Energy
SDG 8: Decent Work and Economic Growth
SDG 10: Reduced Inequality
SDG 13: Climate Action