Renewed restrictions dampen prospects

Each month Oxford Economics’ team of 250 economists updates its baseline global economic outlook using the Global Economic Model, the only fully integrated economic forecasting framework of its kind.

October / November 2020

  • The global economic recovery has now entered a second, slower growth phase.
  • With many economies, particularly in Europe, needing to reimpose some restrictions on activity in the light of rising Covid-19 cases, we have again nudged down our forecast for global GDP growth next year, from 5.4% to 5.2%.
  • In response to recent GDP releases and some other timely indicators, we have edged up our growth estimates for Q2 and Q3 2020 a touch at a global level.

Fill out the form to download the free executive summary of our global economic forecast.

Journalists: if you are a member of the media, please do not submit this form but instead complete the media form on this page or contact our communications team.

Download free report