Economic impact of Covid-19 on G7
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The financial implications of the coronavirus pandemic among the G7 nations are expected to be felt most acutely in Italy, where its GDP is predicted to fall by almost 13% in 2020, according to Deloitte
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ANNUAL REAL GDP GROWTH (%)

COVID-19 STIMULUS PACKAGES (bar lengths in US$bn for comparison)
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2020 forecast
2009 recession

-15 -12 -9 -6 -3 0

0 500 1,000 1,500 2,000 2,500

€580bn ($695bn) 
€346bn ($414bn) 
£192.3bn ($256bn)
CA$469bn (US$362bn)
€286bn ($343bn) 
$2.3tn
¥234tn ($2.2tn)


-12.8 -5.3
-12.5 -2.9
-10.2 -4.2
-8.4 -2.9
-7.8 -5.7 
-6.4
-2.5
-5.8 -5.4



Italy
France
UK
Canada
Germany
U.S.
Japan
            
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As Italy’s most-visited city, Venice’s tourist
industry has been devastated by travel restrictions
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Note: U.S. GDP forecast by Deloitte, all other forecasts by International Monetary Fund
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Source: Deloitte Picture: Associated Press © GRAPHIC NEWS