After an estimated 3.5% contraction in 2020, the global economy is projected to grow 5.5% in 2021

2021 projection

2020 estimate

-12%

-8

-4

0

4

8

World

China

UK

Spain

France

Canada

Euro Area

Italy

Germany

US

Japan

2021 projection

2020 estimate

-12%

-10

-8

-6

-4

-2

0

2

4

6

8

World

China

UK

Spain

France

Canada

Euro Area

Italy

Germany

US

Japan

Guardian graphic. Source: IMF, World Economic Outlook update, January 2021