China will be the only major economy to grow in 2020, having suffered the economic effects of COVID-19 much earlier than many other countries. In fact, this recovery will benefit the global economy at large - for example, Germany's automotive industry is enjoying resurgent car sales in China. For the rest of the world, however, recovery is more complex.
Euromonitor International tracks 48 countries as part of its Recovery Index, and all of these countries are expected to have recorded improved recovery index scores compared to the previous quarter when many countries were under strict lockdowns. A vaccine, effective containment measures and reliable national healthcare can all improve economic outlooks in a country.