World Economic Situation and Prospects 2021
World Economic Situation and Prospects 2021 United Nations Economies in transition 5 GDP Growth 4% 3.1 3.4 3.0 2.4 2.2 3.1 2% 2.7 2.8 2.0 1.9 0 -2% - 3.4 total pe apita -4% - 3.7 projected e f f 2017 2018 2019 2020 2021 2022 COVID-19 Cases per 100,000 people GDP per capita by 1 January 2021 2020 COVID-19 related deaths per 100,000 2 1,077 orld $10,291 78 Developed 3,762 economies $4$1,91844,500 34 Economies 1,991 in transition $6,435 1 eeoin 592 economies $5,290 21 1,901 Western Asia $11,390 2 76 East Asia $9,000 79 2,412 Latin America $7,614 Caribbean 5 202 Africa $1,859 12 664 South Asia $1,817 Note: The boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations. The map represents countries and/or territories or parts thereof for which data is available and/or analysed in World Economic Situation and Prospects 2021. The shaded areas therefore do not necessarily overlap entirely with the delimitation of their frontiers or boundaries. Aggregate data for Africa, excluding Libya. e: 2020 estimates, f: 2021-22 forecasts. Source for COVID-19 data: UNDESA calculations, based on data from Johns Hopkins University. CHAPTER III REGIONAL DEVELOPMENTS AND OUTLOOK 81 Economies in transition • Both in the Commonwealth of Independent States and in South-Eastern Europe economic activities are unlikely to experience a quick recovery • Lower commodity prices amplified the shock in the Commonwealth of Independent States • Tourism-dependent countries in South-Eastern Europe were hit the hardest Commonwealth of Independent States and Georgia: the pandemic has unleashed multiple shocks The outbreak of the COVID-19 pandemic has unleashed multiple shocks in the Common- wealth of Independent States (CIS) and Georgia, having heavily depressed economic activity since the early part of the second quarter of 2020.
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