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The Graphic Truth: How COVID-19 will affect major economies

June 14, 2020
Gabrielle Debinski
and
Gabriella Turrisi

Lockdowns and social distancing restrictions have brought much of the global economy to a halt over the past few months, causing unprecedented levels of joblessness and throwing international commerce into disarray.

As the virus continued to spread throughout the first quarter of the year (there are now cases in at least 188 countries and territories) the IMF updated its original growth forecast for 2020, and the predictions are grim. The world's largest economies – China, the US and the Euro area – are set to experience massive year-on-year contraction. But there's a silver lining: The IMF says that there are signs of a promising economic recovery for these economic regions in 2021. Here's a look at the numbers.

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We believe in the power of collaboration

BMW Foundation

The BMW Foundation Herbert Quandt unites leaders and experts from business, politics, science, and civil society to tackle some of today's most pressing challenges. With our partners and a global network of over 2,600 members, we collaborate to advance solutions in our focus areas – energy transition and climate change, urbanization and infrastructure, and education and qualification. Learn more about how we create a positive dynamic that strengthens an innovative and responsible economy while also promoting an open-minded and future-proof society here.

So far, Carney’s ‘toughness’ doesn’t seem to bother Trump

Jess Frampton

Donald Trump has not yet made the traditional congratulatory call to Mark Carney, but the US president is not calling Carney “governor” – like he did with Justin Trudeau. That would be ironic anyway since the Canadian PM was previously the governor of both the Bank of Canada and the Bank of England. Could it be that Trump had a special desire to bully Trudeau and will take a different approach with his successor? Stephen Maher reports ...

Evan Solomon to run for Liberals

Outgoing GZERO Publisher Evan Solomon
GZERO

GZERO’s Evan Solomon announced on Thursday that he will be returning to Canada and running for Mark Carney’s Liberals. A former Canadian broadcaster, he has been GZERO’s publisher since 2022.

Graphic Truth: Losing the numbers game

Luisa Vieira

US competitiveness in education is slipping. In 2022, the US ranked 34th in global math performance, according to the OECD PISA assessment of 15-year-olds in 81 countries. Canada ranked ninth, despite also seeing a decline.

Canadians to head to the polls

Canadian Prime Minister Mark Carney holds a press conference at Canada House, in London, Britain, on March 17, 2025.

REUTERS/Carlos Osorio

New Prime Minister Mark Carney is expected to call a snap election on Sunday, sending Canadians to the polls on April 28 or May 5. The campaign, taking place against a backdrop of provocations from Donald Trump, is expected to focus on who is best equipped to handle the US president, former central banker Carney or Conservative Leader Pierre Poilievre.

Travel down as rhetoric gets harsher

Air Canada and Westjet aircraft parked at Calgary International Airport, in Calgary, Alberta, Canada.
Artur Widak/NurPhoto via Reuters

The increasingly intense rhetorical combat between Donald Trump and Canada is taking a growing toll on the American tourism industry, as Canadian snowbirds avoid Florida, day trippers do their shopping at home, and others decide to skip trips to the Big Apple.

Canada Institute scrambles to survive

Former US Ambassador to Canada Bruce Heyman.

REUTERS/Blair Gable

At a moment of historic difficulty in the Canada-US relationship, Donald Trump last week cut the funding of the Wilson Center’s Canada Institute, and he can likely block efforts to save it.

Israel launches Gaza ground operation, Bibi faces blowback

Israelis protest against the government over Prime Minister Benjamin Netanyahu's plans to remove Shin Bet chief Ronen Bar, the resumption of Israeli strikes on Gaza, and the return of far-right politician Itamar Ben Gvir to the cabinet.

Ilia Yefimovich/dpa via Reuters Connect

Israel has launched a “limited ground operation” to retake the strategic Netzarim Corridor in Gaza as part of its offensive against Hamas, sealing off North and South Gaza and reoccupying four fortified bases. The moves follow Israeli airstrikes that reportedly killed over 400 Palestinians in 48 hours.

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