Data for Q2 revealed widespread drops in GDP, but the extent of the damage varied markedly depending on the length and severity of lockdowns. Recoveries since then have followed the same pattern. Looking ahead, Asian economies including China and Korea should continue to outperform given their success containing the virus. But uncontrolled outbreaks in India and Latin America will see them lag behind.

Read the publication Lessons from Q2 and the recovery so far on the Capital Economics Website.

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