Global activity declined abruptly in the first quarter of 2020
High-frequency data point to sharp contractions in activity during shutdowns
World trade is now collapsing
Financial market tensions have increased
A collapse in output followed by a slow recovery
An unprecedented output collapse is occurring in the first half of 2020
Output is projected to decline in all economies this year
Output is set to remain weak for an extended period
The crisis is resulting in sizeable job losses and high unemployment
World trade is projected to remain very weak, with challenges for tourism-dependent economies
Inflation is expected to remain low
The pandemic will leave long-lasting legacies
Vulnerabilities in emerging-market economies
Domestic currencies have weakened considerably against the US dollar
Vulnerability to trade shocks is high in some OECD countries
Cross-border trade has helped to raise world trade intensity
The global monetary policy stance has been eased substantially
Fiscal positions are set to deteriorate drastically
Frequency of government measures in response to the pandemic crisis
Several central banks have become dominant holders of domestic government bonds
A benchmark estimate of the impact of shutdowns on activity in selected advanced economies
A benchmark estimate including spillovers of the overall impact of shutdowns on activity in selected advanced economies
The total impact of shutdowns varies across sectors in the benchmark estimates
Benchmark estimates of the potential impact of shutdowns on private consumption in selected advanced economies
Benchmark estimates of the potential impact of shutdowns on productive investment in selected advanced economies
Survey evidence on the share of businesses shut down due to containment measures
Monthly GDP growth by sector in March
Differences between national estimates of shutdowns and OECD illustrative estimates
Liquidity shortfalls without government interventions: Whole economy and severely hit sectors
Liquidity shortfalls without government intervention: solvency, collateral availability and indebtedness
The impact of policies on liquidity shortfalls
Liquidity shortfalls: The impact of policies
Liquidity shortfall assuming a 30% decline in output for non-severely hit sectors and detail by country of the baseline
US business lending programmes do not extend to all firms in need of liquidity support
Euro area business lending programmes do not extend to all firms in need of liquidity support
The share of distressed firms could rise considerably
Preferred equity support can reduce government exposure to loss and reduce business leverage
Employment in activities most affected by containment measures across OECD countries
Non-standard workers in activities most affected by containment measures across European OECD countries
Composition of non-standard workers in activities most affected by containment measures across European OECD countries
Proportion of small entrepreneurs in activities most affected by containment measures across European OECD countries
Proportion of low-wage non-standard employees in activities most affected by containment measures across European OECD countries
Total employment and non-standard employment in activities most affected by containment measures across European OECD countries
OECD unemployment projections and deviations from the Okun benchmark
Deviations from Okun's law partly reflect labour market policies
Registered unemployment and applications for participation in job retention schemes
Okun coefficients
Employment intensity of shutdown industries
Argentina: Two scenarios of real GDP and exchange rate
Australia: Two scenarios of real GDP and labour market
Austria: Two scenarios of real GDP and two scenarios of unemployment
Belgium: Two scenarios of real GDP and two scenarios of unemployment
Brazil: Two scenarios of real GDP and confidence
Brazil: Prices and exchange rate
Bulgaria: Two scenarios of real GDP and social assistance
Canada: Labour market and confidence
Canada: Two scenarios of real GDP and two scenarios of unemployment
Chile: Two scenarios of real GDP and exchange rate
China: Two scenarios of real GDP and trade
China: Shadow banking sector and private investment
Colombia: Two scenarios of real GDP and labour market
Costa Rica: Two scenarios of real GDP and service trade
Czech Republic: Two scenarios of real GDP and economic sentiment
Denmark: Two scenarios of real GDP and unemployment
Estonia: Two scenarios of real GDP and consumer spending
Euro area: Two scenarios of real GDP and two scenarios of unemployment
Euro area: Sovereign debt markets and two scenarios of public debt
Finland: Two scenarios of real GDP and economic sentiment
France: Consumption and production and two scenarios of real GDP
France: Two scenarios of unemployment and household savings
Germany: Two scenarios of real GDP and economic sentiment
Germany: Fiscal position and labour market
Greece: Two scenarios of real GDP and labour market
Hungary: Two scenarios of real GDP and short term indicators
Iceland: Two scenarios of real GDP and airport traffic
India: Health care and unemployment
India: Bank loans and two scenarios of real GDP
Indonesia: Two scenarios of real GDP and confidence
Indonesia: Employment and financial markets
Ireland: Two scenarios of real GDP and firms shutdown
Israel: Two scenarios of real GDP and unemployment
Italy: Two scenarios of real GDP and two scenarios of employment
Italy: Primary budget balance and bonds spreads
Japan: Business sentiment and labour market
Japan: Two scenarios of real GDP and two scenarios of inflation
Korea: Two scenarios of real GDP and retail sales
Latvia: Two scenarios of real GDP and economic sentiment
Lithuania: Two scenarios of real GDP and confidence
Luxembourg: Two scenarios of real GDP and two scenarios of unemployment
Mexico: Two scenarios of real GDP and tourism
Netherlands: Two scenarios of real GDP and economic sentiment
New Zealand: Two scenarios of real GDP and confinement
Norway: Two scenarios of real GDP and unemployment
Poland: Two scenarios of real GDP and two scenarios of unemployment
Portugal: Two scenarios of real GDP and two scenarios of unemployment
Romania: Two scenarios of real GDP and two scenarios of unemployment
Slovak Republic: Two scenarios of real GDP and car production
Slovenia: Two scenarios of real GDP and confidence
South Africa: Two scenarios of real GDP and prices
Spain: Two scenarios of real GDP and two scenarios of unemployment
Sweden: Two scenarios of real GDP and labour market
Switzerland: Economic activity and two scenarios of real GDP
Turkey: Two scenarios of real GDP and confidence
United Kingdom: Two scenarios of real GDP and business confidence
United Kingdom: Unemployment, prices and fiscal policy
United States: Two scenarios of real GDP and unemployment
United States: Fiscal policy and bank assets
Tunisia: Tourism and industrial exports
Tunisia: Inflation and real GDP