The first half of this year is destined to be the most special situation of the global economy, and all the major economies in the world have experienced unprecedented negative growth, which is one of the negative effects of globalization. None of the top 20 countries can escape the impact of the epidemic, and China and South Korea, which are the most effective in controlling the epidemic, are also-1.6% and -0.7%. Southern Europe, Mexico and other countries suffered the biggest economic downturn in decades, hitting a record low!

Because the increment of dollar growth rate will be affected by the exchange rate, it is impossible to better observe the actual economic operation of various countries, so the actual growth rate of local currency of various countries is listed to show the actual production capacity of various countries in the first half of this year. For example, the actual growth rate of China in the first half of the year was much better than that of the United States (-4.4%), but the growth rate of the US dollar was higher than that of China because of the exchange rate. But the fact is reflected in the real growth rate of the local currency. So please treat it rationally and objectively!

Among European countries, Britain, Spain, Italy and France are the three countries with the most serious epidemic, and their economic growth rate is low. The actual decline of local currency was 12.6%, 13.2%, 12% and 12.4% respectively. The biggest drop in the top 20 countries! In the first half of the year, especially in the second quarter, the service industries such as tourism, transportation and catering in the four countries were hit hardest by the COVID-19 epidemic, and the unemployment rate rose sharply.

Australia, which performed relatively stably in the first half of the year, surpassed Spain!

Brazil and Mexico, as countries in Central and South America, should be less affected by the epidemic, but in fact they have become one of the most affected countries. At present, Brazil's economy has fallen back to the level at the end of 2009. In the second quarter of this year, Brazil's GDP fell by 1 1.4% year-on-year, the biggest quarterly decline since 1996, and the world ranking was surpassed by South Korea, which entered the top ten in the world.

The real growth rate of Mexico's local currency is-10. 1%, and the nominal growth rate of the US dollar is-18.86%, so it has also been overtaken by Indonesia, which is relatively stable.

The performance of other countries is more stable than the above, especially Germany, the Netherlands and Japan, the world's major trading countries, which have basically withstood the huge impact of the epidemic on the economy and are gradually recovering. The annual economic forecast is better than several countries in southern Europe!

Please see the following table for specific data:

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