- ECONOMIC IMPACT -

Latest update: 17 March

UK economy contracted by 2.9% in December 2020 when compared with the previous month over renewed lockdowns.

OECD predicts India to be the fastest growing large economy in the world with real GDP to rise by 12.6% in 2021-22.

6.8%

Unemployment rate in OECD nations in January 2021

5.6%

Consensus forecast for world GDP growth in 2021

Global real GDP growth

% change on previous year

2.6%

2.8%

-3.9%

Pre-Covid-19 2020 forecast

2019 average

Adjusted 2020 forecast

The cost of Covid-19

$375bn

Estimated monthly cost of the Covid-19 pandemic globally

$11tn

Cumulative loss for global economy over the next two years

- SECTOR IMPACT: technology -

Latest update: 17 March

GlobalData has analysed the impact of Covid-19 on the leading companies operating in 17 separate sectors within technology, media, and telecoms (TMT), with all TMT sectors negatively impacted by Covid-19 in 2020. Although, IT Services has been the hardest hit.

Despite this, some areas — including telecom services, some telecom infrastructure, and cloud-based solutions — are holding up well or growing. Operators moved forward CAPEX to support critical connectivity requirements and are now restarting 5G, edge computing and other initiatives temporarily put on hold or slowed down.

Sector indices

Revenue predictions

Enterprise technology & services 

Subsector impact

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