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Is there a per country estimation of the GDP drop due to COVID?

Economics Asked on July 23, 2021

I’ve been looking around for some per-country estimation of the expected GDP drop due to the COVID pandemic.

I’ve found this answer in this site but it only mentions a few countries. I understand not all countries will have such an estimation, but maybe for the G20 or similar groups?

One Answer

There are some cross-country studies but not that many of them yet. For example, Maliszewska, M., Mattoo, A., & Van Der Mensbrugghe, D. (2020) from world bank provide some cross-country estimates of the cumulative effect of covid-19 for various countries and regions across the world. Their estimated cumulative effect of covid on GDP (measured as deviation from their benchmark) is shown below.

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However, I would advise to take these results with a pinch of salt. These are preliminary estimates that were published in April and better ones will be fore sure forthcoming in near future.

Correct answer by 1muflon1 on July 23, 2021

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