Global Economic Prospects report June 2020.
                     Global Economic Prospects 
report June 2020
INTRODUCTION
• World Bank has released its flagship report titled “Global 
Economic Prospects”.
• The report assesses the impressions of the pandemic and 
examines the possible courses and outcomes.
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GRAVE NEAR-TERM OUTLOOK
• The report describes a grave near-term outlook.
• It states that there is a contraction in global GDP which was 
5.2 percent in 2020 due to the COVID-19 . 
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GLOBAL RECESSION
• This is the deepest global recession in eight decades that the 
world has witnessed. 
• The COVID-19 pandemic has spread to every part of the world 
and infected millions worldwide.
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ABOUT WORLD BANK:
• The World Bank Group, established in 1944 and 
headquartered in Washington, D.C.
• It is a vital source of financial as well as technical assistance to 
developing countries
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FIVE INSTITUTIONS 
• International Bank for Reconstruction and Development (IBRD)
• International Development Association (IDA)
• International Finance Corporation (IFC)
• Multilateral Investment Guarantee Agency (MIGA)
• International Centre for Settlement of Investment Disputes (ICSID)
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Global Economic Prospects (June 2020)
• World Bank has released its flagship 
report titled “Global Economic 
Prospects (June 2020)”. 
• It indicates the actions needed by 
global community and national 
policymakers to restrict the harm, 
recover, and rebuild stronger. 
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ANALYSIS OF THE OUTLOOK
• The report includes an analysis of the outlook for emerging 
market as well as developing economies.
• Hence it investigates the depth and breadth of the economic and 
humanitarian storm.
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COVID 19 IMPACT
• If the pandemic is not controlled by the world economies then it 
will result in output contractions across the majority of emerging 
market and developing economies.
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OUTLOOK OF VARIOUS ECONOMIES
• The GDP of India is expected to contract by 3.2% in 2020, while it 
is expected to expand by 3.1% in 2021.
• The GDP of advanced economies is expected to contract by 7% in 
2020.
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OUTLOOK OF VARIOUS ECONOMIES
• The GDP of Japan is expected to contract by 9.1% in 2020.
• The GDP of China is expected to become slow by 1.0% in 2020.
• The GDP of Russia is expected to contract by 6% in 2020.
• The GDP of U.S. is expected to contract by 6.1% in 2020.
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THANK YOU