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A once-in-a-century crisis—a Great Disruption unleashed by the COVID-19 pandemic—hit the world economy in 2020. The pandemic reached every corner of the world, infecting more than 90 million and, so far, has killed close to 2 million people worldwide. Governments around the world responded rapidly—and boldly—to stem the health and economic contagion of the crisis. Fiscal and monetary stimulus packages were quickly rolled out to save the economy. The crisis responses, however, entailed difficult choices between saving lives and saving livelihoods, between speed of delivery and efficiency, and between short-term costs and long-term impacts.

"We are facing the worst health and economic crisis in 90 years. As we mourn the growing death toll, we must remember that the choices we make now will determine our collective future. Let’s invest in an inclusive and sustainable future driven by smart policies, impactful investments, and a strong and effective multilateral system that places people at the heart of all socio-economic efforts."

- António Guterres
Secretary-General of the United Nations

While timely and massive fiscal interventions helped to prevent the worst, they did not mitigate the broader discontent that stems from the marginalization of the most vulnerable population groups and the stark inequality that divides the haves and the have nots. The path to recovery and progress on SDGs will critically hinge on the ability and political commitment of countries to make sure that the crisis response builds resilience against future economic, social and climatic shocks.

Full Report:

• (11 mb)

Executive Summary:

• English (177 kb)

Chapters & Info:

• • Table of Contents (351 kb)
  • Chapter I: Global economic outlook:?The Great Disruption: World economy on a cliffhanger (888 kb)
  • Chapter II: The future of global trade1 (711 kb)

• Chapter III: Regional developments and outlook (8 mb)
  • Developed economies (2 mb)
  • Economies in transition (2 mb)
  • Africa (1 mb)
  • East Asia (1 mb)
  • South Asia (1 mb)
  • Western Asia (1 mb)
  • Latin America and the Caribbean (1 mb)
• Annex (2 mb)
• Bibliography (413 kb)

Press Release:

• (1.2 mb) ????????
• 中文 (578 kb),
• English (101 kb),
• Fran?ais (586 kb),
• Русский (986 kb),
• Espa?ol (909 kb)

Regional Press Releases:

• Europe
  • English (1 mb)
  • Fran?ais (1 mb)
  • Espa?ol (1 mb)
• Western Asia
  • English (947 kb),
  • (1.1 mb) ???????
• Africa
  • English (1 mb)
  • French (1 mb)
• Commonwealth of Independent States
  • English (1.1 mb),
  • Русский (1 mb)
• East & South Asia
  • English (944 kb),
  • 中文 (545 kb)
• Latin America & Caribbean
  • English (1 mb)
  • Espa?ol (1 mb)

Additional Info:

• Infographics:
  • Massive job losses were the most visible factor of COVID-19 (1 mb)
    Optimised for: Facebook
  • COVID-19 delivered a large shock to global trade (1 mb)
    Optimised for: Facebook
  • Uncertainties keep the world economy on a cliffhanger (964 kb)
    Optimised for: Facebook