The COVID-19 crisis was deeper than the global financial crisis
The estimated output loss from the COVID-19 crisis is large and widespread
Industrial activity and trade are rebounding but service sectors have lost momentum
Output remains depressed for sectors directly facing restrictions
The recovery in gross fixed capital formation has been mixed
The increase in unemployment has been contained
The increase in female unemployment has been relatively sharp
Part of changes in the labour market could become permanent
Labour compensation fell across the OECD
Public finances deteriorated quickly in 2020