The COVID Economic Recovery Index assesses how 122 countries are positioned to weather the economic impact of the pandemic and recover from the crisis.
The COVID19 pandemic has affected all countries indiscriminately. However, given the large differences between countries in economic and socio-political terms when they entered the crisis, the depth of the impact, the rigor and duration of the containment measures, the recovery is unlikely to be symmetrical, and certainly not simultaneous.
Explore the results to see which countries are likely to weather the crisis the best and emerge the strongest and what their key strengths and weaknesses are.
Explore the three pillars of the index:
Despite the current challenges in both health and economic terms, the United States has strong capacity to rebound.
Smaller advanced economies were hit hard by the initial shock but their resilience will help them recover.
Emerging markets differ greatly in their capacity to absorb the initial shock and are less resilient.
Workforce adaptability, highly digitalized economies, governance, social capital and well-functioning financial systems are all key to recovery.
When designing recovery programmes governments need to think long term and base their decisions on data and a clear strategy for future transitions.
The longer the economic crisis, the greater the likelihood of it triggering other risks, notably a financial crisis, which could longer and more difficult to recover from. It is crucial to limit the COVID’s economic fallout and prevent additional risks.
Trade & recovery
Trade patterns are likely to influence recovery in a major way. Countries that export a significant share of their goods and services to markets that recover at a slower pace will also recover more slowly.
Vulnerable industries & jobs
As countries look to a recovery, two fundamental factors will play an important role: their exposure to industries likely to recover slowly or poorly and the strength of their labour markets and policies.
A landscape of recoveries
Absorptive capacity and economic resilience will play a major role in recoveries.