The world spent the whole year farewell in the face of the Corona epidemic. No country, rich or poor, has built a defense against the virus. Towards the end, there is some good news about the vaccine, but it may take some time to see how much a vaccine can revive the global economy.
Corona has already created an odd global situation. Economies that were considered irresistible appear to be hit the hardest. The economies of the United States, the United Kingdom, China, Japan, and Europe were shaken. Although China has turned around. However, the country may not grow as much as expected in 2021.
This information appeared in predictions from The Economist Intelligence Unit. They say global growth will accelerate in every post-pandemic region, but no major country will be in a position to enter the top ten. Instead, the list will be dominated by smaller regions, half of which are island economies. Its main economic activity is tourism.
According to the Economic Information Unit, the highest growth will be in Macau, 35.4 percent. The city is under Chinese rule along the Pearl River Delta in western China. The city suffered heavy losses last year due to the lockdown program to prevent infection with Corona. Macau's economy is based on tourism. The casino business is once again at the heart of the tourism industry. In Corona, income from this sector is declining. However, in 2021, its economy will be fully transformed, and growth will be 35 percent.
The list also includes the British Virgin Islands (growth will be 11.5 percent), Dutch St. Martin (9.3 percent), Antigua and Barbuda (7 percent), St. Lucia (8 percent), and the Maldives (7 percent). 2021 These island areas will represent growth at attractive growth rates.
Each country in the top ten has its own economic story. For example, Libya, torn by the Libyan war, will see 20.9 percent growth in oil production. Apart from this, Corona infection did not have a significant impact in this country. However, the Albanian economy saw good losses in Corona. Aside from itself, the country has also suffered due to Italy's economic downturn. Because Italy is Albania's main trading partner.
The Economic Information Unit believes that Albania will be able to regain the lost economy by 2020. The country's growth will be 6 percent. Another country on the list is Guyana. The country on the northern coast of the South American continent will grow by 23 percent because Corona has not had a significant impact on it. Additionally, the story of the rise of Peru, the largest country in the top ten, will be very different. The advantage of this country is its mineral resources. The country ranks sixth in the world in gold production and third in copper production. Peru will benefit from the increase in the value of mineral resources this year. The growth forecast for the country is 9.2 percent.
On the other hand, among the world's five largest economies, the United States will grow 3.8 percent, China 7.3 percent, Japan 1.8 percent, Germany 4.8 percent, and India 7.8 percent. In addition, the UK could achieve 7.9%, France 7.1%, Italy 5.8%, Brazil 3%, and Canada 4%. The economies of Egypt, Angola, and Syria will also shrink this year.
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