Regional Sector Performance Snapshots

At-a-glance information on how industries are performing in specific countries

 

Man looking at computer screen | Atradius

 

The COVID-19 pandemic has had an impact on every economy throughout the world, triggering the worst economic recession in almost a century. Whether due to lockdown orders restricting the ability to operate, staff sickness, or interrupted supply chains, the majority of businesses throughout the world have been impacted by this health emergency.

However, the picture is not uniform. The business performance outlook is affected by economic variables beyond the virus including Brexit, US-China trade wars and industry trends in individual sectors, such as the move towards electric vehicles in the automotive sector. 

Download the relevant industry outlook for your country below

Western Europe

In addition to interventions made by individual EU states to their own economies, EU leaders agreed a deal for a EUR 750 billion EU recovery fund to help EU countries recover from the economic effects of the pandemic. However, it is estimated that euro area GDP declined by more than 7% in 2020. A partial recovery is likely to occur in 2021, but only in 2022 activity is expected to return to pre-pandemic levels.
 

 

 

Download sector performance highlights below

 

 

 

 

Eastern Europe

In 2020 Russia was hit by a double shock: the economic cost of lockdown measures combined with low oil prices and a commitment to cut oil output. Despite a projected partial rebound of GDP in 2021, the outlook for the economy is subdued. While Turkey was able to avoid a recession in 2020, investment will be affected by persisting uncertainties. Additionally, high household debt levels and a modest coverage of formal social safety nets weigh on private consumption. 

 

 

Asia and Oceania

The Chinese economy was severely hit by the pandemic in Q1 of 2020, but has rebounded strongly since then. After growing about 2% in 2020, the economic expansion is expected to gain momentum in 2021.

Japanese exports took a big hit in the first half of 2020 due to the disruptive effect of Covid-19, but there was a robust recovery after the summer. However, consumption spending remains relatively weak.

After a sharp recession in 2020, the Indian economy is forecast to grow by more than 8% in 2021, due to a substantial growth of investments, private consumption and government consumption.

 

 

Americas

The pandemic has hit the US hard, with the highest number of infections and deaths in the world. After a 3.5% contraction in 2020, the economy is forecast to rebound by more than 4% in 2021. However, major downside risks related to a further spread of the pandemic and a timely roll-out of the vaccination process remain.

Mexico witnessed a deep recession in 2020, with a GDP contraction of more than 8%. The automobile sector (Mexico’s leading source of exports) suffered a sharp decline in demand, combined with supply chain disruptions. The recovery will be protracted, and GDP will only return to its pre-pandemic level in 2024.

 

 

 

View how sectors are performing in 2021

 

All content on this page is subject to our Disclaimer, available here.

 

Avertissement

Les informations figurant sur ce site sont uniquement fournies à titre indicatif et ne doivent pas être utilisées à d’autres fins que celles mentionnées. Nous vous remercions de bien vouloir vous reporter aux réglementations et accords en vigueur. Aucunes informations ne peuvent être considérées comme créant un droit, une obligation ou engageant la responsabilité d’Atradius y compris pour juger de la moralité d’un ou de plusieurs acheteurs. Si Atradius juge de la moralité d’un acheteur, elle le fait pour le compte de son arbitrage et en aucun cas au bénéfice de ses assurés ou toute autre personne. En aucun cas, Atradius, ses partenaires ou sociétés apparentées, agents ou employés, ne pourront être tenus responsables envers les lecteurs ou toute autre personne pour toute décision ou mesure prise sur la foi des informations contenues dans cette carte, ou pour tous dommages indirects, particuliers ou similaires, même si ces personnes ont été avisées de l’éventualité de tels préjudices.