Data presented by Buy Shares indicate that the global economy is projected to lose $3.94 trillion in real GDP. The loss will be recorded across 2020 mainly due to the coronavirus pandemic.
According to the data, the ten most impacted countries will cumulatively lose $696.56 billion in real GDP.
The United States is projected to be the most hit country with a loss of $178.4 billion followed by Japan at $86.78 billion while the United Kingdom will be the third most impacted country at $74 billion.
France is fourth at $73.34 billion while India will be the fifth most impacted at $71.73 billion.
Other countries to record massive losses in real GDP include Italy ($58.70 billion), Germany ($55.69), Brazil ($36.06 billion), Russia ($33.27 billion), Mexico ($32.31 billion), Canada ($27.92 billion) and South Korea ($3.76 billion).
From the research, China is the only country set to register positive growth in real GDP at $51.12 billion.