Publications

The emergence and spread of the coronavirus (Covid-19) pandemic during the first half of 2020 caused a global economic recession affecting the supply and demand chains of the majority of developed, emerging and developing countries, mainly resulting from the preventive measures applied by all countries to combat the spread of the virus locally and across borders with the aim of curbing its health and economic repercussions. Taking these developments into account, a number of international research centers, institutions, and banks have revised their forecasts for the growth of the global economy, including the World Bank, which has revised its forecasts in its “Global Economic Prospects” report issued at the beginning of June 2020. The IMF has also revised its forecasts in its “World Economic Outlook” report, issued at the end of June 2020.