Global GDP levels June 2019 – December 2020

A recent publication from the ANZ looked at the GDP in a range of economies. Useful for discussion in class if you are doing GDP and business cycles.

Note:

  • China has rebounded well
  • UK and Euro area had the more severe downturns
  • New Zealand has the steepest rebound from a lockdown period
  • Interesting to note that the bottom of the downturn in all countries is in June 2020 with the exception of China.

Global GDP levels (Q4 2019= 100)

Source: New Zealand Weekly Data – 19th March 2021.

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