The impact of the pandemic on world GDP growth is massive. The COVID-19 global recession is the deepest since the end of World War II (Figure 1). The global economy contracted by 3,5 percent in 2020 according to the April 2021 World Economic Outlook Report published by the IMF, a 7 percent loss relative to the 3.4 percent growth forecast back in October 2019.

Read More at:

https://economictimes.indiatimes.com/news/company/corporate-trends/csr-measuring-and-managing-our-impact-on-people-and-the-planet/articleshow/83336749.cms