It is no secret that the world is still in economic pain due to the COVID19 pandemic, despite considerable improvements when compared to the financial trouble the world suffered a year ago.
Throughout 2020, the world order was deeply disrupted by the outbreak of a respiratory disease that originated in China at the end of 2019. This novel coronavirus is perhaps the greatest event of not only 2020, but the 21st century so far, as it caused a sweeping long-term economic crisis that continues to plague global markets.
As the virus forced millions of people to stay at home for unusually prolonged periods of time, especially during the spring of 2020, travel movement across the world was halted and businesses that could not transform to online-based work suffered irreversible damage.
Covid-19 vaccines are seen by governments as vital to boosting economic growth, but it isn’t clear that higher vaccination rates alone will do the trick https://t.co/S6Y00VL7yh
— The Wall Street Journal (@WSJ) September 20, 2021
It was not until the early months of 2021 that the world welcomed the first doses of successful vaccines that slowed down COVID19 infections, lowered the number of victims around the world, and restored hopes in a sooner restoration of economic activities so countries can brace for economic growth again.
In this article, we will shed light on the countries whose gross domestic product indices recorded the worst and best figures between September 2020 and September 2021;
10 Biggest Gainers in GDP
1. Macau +69.50%
2. Guyana +48.70%
3. Peru + 41.90%
4. Azerbaijan +35.51%
5. The United Kingdom +22.20%
6. Turkey +21.70%
7. Ireland +21.60%
8. India +20.10%
9. Spain +19.80%
10. Mexico +19.60%
Slammed by the coronavirus, the U.S. economy (GDP) grew at a lackluster 4% pace in the 4th quarter. For all of 2020, GDP shrank 3.5%. That's the biggest drop since 1946, when WW2 spending dried up. https://t.co/KMcGGyPpa1 pic.twitter.com/NlfkgrAPTD
— Jeffry Bartash (@jbartash) January 28, 2021
10 Biggest Losers in GDP
1. Libya -60.30%
2. Venezuela -26.80%
3. Seychelles -24.60%
4. Bolivia -21.68%
5. Lebanon -20.30%
6. Fiji -19.00%
7. The Bahamas -14.80%
8. Lesotho -13.80%
9. Suriname -13.40%
10. Kuwait -11.20%
