The COVID-19 pandemic and the measures put in place to contain it have delivered an enormous shock to the world economy. Indeed, the IMF has said that this crisis is like no other due to the shock being so large and sudden, with a continued high degree of uncertainty about how long it will last. As a result, economic forecasting in the current unprecedented COVID-19 recessionary environment is very difficult, with a wide range of outcomes possible for GDP.

To read more on the subject, click here.