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The United Nations Economic Commission for Africa warns that the effects of the pandemic on Africa's economy could push the number of "extremely poor" Africans to 514 million people. The World Bank also announced a recession as the economies of African countries continue to shrink.
2021-12-24

Malaysia's GDP contracts 5.6% in 2020, its worst annual contraction since 1998 following the 1997 Asian financial crisis.
2021-02-11

France's GDP contracts 8.3% in 2020, the country's worst economic performance since World War II.
2021-01-29

South Korea records its worst annual economic growth since 1998 following the Asian financial crisis. Its gross domestic product contracted 1.0 percent in 2020 from 2019.
2021-01-25

The economy enters recession for the first time since 1987 after the country's GDP declined by 12.2% between April and June, amid a nationwide lockdown and travel bans due to COVID-19.
2020-09-17

The Brazilian economy officially enters a recession after the country's statistics institute reported a 9.7% decline of its gross domestic product (GDP) in the second quarter, which is the second consecutive quarter of a decline in its GDP. It is Brazil's largest quarterly drop since 1996.
2020-09-1

The United Kingdom's economy officially enters recession for the first time since 2009, according to Chancellor Rishi Sunak.
2020-08-12

The Cabinet Office of Japan plans to declare that its economy has entered a recession after 71 months of growth.
2020-07-23

Solomon Islands bans all travelers from China, South Korea and Japan. Health minister Dickson Mua also says that the country has suspended flights to Brisbane, Australia, and banned all civil servants from overseas travel in an effort to contain COVID-19.
2020-03-14