Global Outlook: China’s growth forecast revised upwards for 2020

In The Economist Intelligence Unit’s latest global outlook video, Agathe Demarais, Emily Mansfield and Yue Su discuss our latest forecasts for China and the euro zone.

China looks set to be the only major economy to register growth in 2020, albeit at low levels. We previously believed that China would grow by 1.4% this year, but have recently revised this forecast upwards, to 1.7%. Yue Su, The EIU’s Principal economist for China, discusses the reasons behind our more optimistic forecast and the role that China will play in the global economic rebound.

Meanwhile, the outlook for the euro zone appears bleak. Output in the euro zone shrank by 15% year on year in the second quarter, wiping out all of the growth achieved since 2005. Emily Mansfield, The EIU’s Principal Economist for Europe, talks us through the economic and political outlook for the region and the risks associated with the recent resurgence in Covid-19 case numbers.

To find out more about the political, policy and economic outlook in these countries, check out our country analysis and five-year forecasts. With detailed reports available for more than 190 countries around the world, our insights provide truly global coverage to help you to prepare for what’s ahead.