The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 
Share
  • LINKEDIN
  • EMAIL
  • TWITTER
  • FACEBOOK
Share
Global Economic Outlook

MAY 2020

Click on the chart to browse forecasts by country and region

An unprecendented drop in global GDP sets the stage for a slow and uneven recovery

The COVID-19 pandemic has radically changed the prospects of the global economy for the short-, the medium- and potentially for the long-term. In the short-term, as governments throughout the world introduce stringent measures limiting physical mobility and social activity to slow the spread of the virus and avert a health crisis, economic activity seriously contracted. This is leading to an unprecedented decline in global GDP during the first half of 2020. Rather than seeing a quick v-shaped recovery, the outlook assumes a more u-shaped pattern. The Conference Board currently estimates global GDP growth to fall at -4.8 percent for 2020 compared to 2019, which is an unprecedented decline for the post WW-II period. Medium-term, global GDP is expected to return to its pre-COVID-19 levels only by mid-2021, but for mature economies it is likely to last at least until the end of 2021 before output is fully recovered. Longer-term, beyond 2021, the outlook for the global economy is highly uncertain, and we have removed the 5- and 10 year outlook until The Conference Board Global Economic Outlook model will be fully recalibrated over the Summer.

Quarterly global GDP index: COVID-19 recession versus global financial crisis of 2008/2009

For members

  • To explore the Global Economic Outlook data, use the online data tool (including an option to download the data in excel format) available here.
  • Are you interested in getting in touch with our researchers behind the GEO model? Do you need someone to review your own growth model? If you would like to get in touch with us, please send an email to ted.geo@conference-board.org.

Publications (2019 release)

Past publications (2018 release)

Next update

The next quarterly update of The Conference Board’s Global Economic Outlook is scheduled for July 2020.

US – Japan Business Leaders Forum on Productivity 2019

For Productivity Dialogue Among Top Business Leaders of Japan, the US, and Germany.
April 12, 2019 | NYC
1st Business Leaders’ Forum on Productivity

Straight Talk October 2019

StraightTalk®Global Economic Outlook 2020: Stagnating Growth and Stalling Globalization: What's Ahead?

Global Economic Outlook - Data & Methods
Contact

Klaas de Vries

Economist

ted.geo@conference-board.org