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Heavy dependence on informal labour markets and tourism exacerbates the Covid-19 shock

Asia coped relatively well with the Covid-19 pandemic and an economic recovery is expected in 2021, though with several challenges to trade in the region

Recession softened by fiscal and monetary measures

The coronavirus pandemic and an oil price slump are a double blow to economies in the Middle East and North Africa

More businesses in Slovakia reported a negative impact on profitability than anywhere else in Eastern Europe.

Despite COVID-induced economic crisis, business confidence remains upbeat moving into 2021.

Prior to the pandemic, trade credit was used in more than 80% of B2B sales in the Czech Republic. After the virus brought most of the world to a standstill, this plummeted to about 50%.

Despite a massive increase in overdue receivables due to the pandemic, Polish industry is largely upbeat about the outlook for 2021.

COVID-19 and the following recession have had a significant impact on economies throughout the world. Greece was not the exception.

Sweden has followed its own path during the COVID-19 pandemic and, although more people are working from home than before, the country has avoided the lockdowns seen elsewhere in Europe.