China
2020 projected GDP growth: 1.8%
2021 protection: 8%
According to the OECD, China is the only G20 country which will see a growth in GDP in 2020, an amazing feat given it was the first nation hit by the Covid-19 pandemic.
‘A sharper-than-expected recovery took place in China, with activity returning quickly to pre-pandemic levels by the end of the second quarter, fuelled by strong infrastructure investment,’ the OECD said.
USA
2020 projected GDP growth: -3.8%
2021 protection: 4%
The US has suffered the worst numbers of recorded deaths of Covid-19, with 195,000 deaths according to the Centers for Disease Control and Prevention. Its economy has also taken a substantial hit too, with unemployment at 8.4% in August.
However the OECD said the Federal Reserve’s signalling towards a softer approach to inflation handling, alongside a depreciation of the