Covid-19 Executive Briefing

Understanding the economic impact of the Covid-19 pandemic and the implications for the power sector

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Latest update: 30 June

Many economists have cut their GDP forecasts. The 2020 consensus forecast for GDP growth is currently negative and many predict a recession.

Concern over the spread of Covid-19 is trending downwards, while business optimism is trending upwards.


The IMF predicts global growth will decline by 4.9% in 2020, down 1.9% from its April forecast.


The World Economic Forum believes de-globalisation will occur post-Covid-19. World trade is expected to contract between 13% and 32% in 2020.

Impact of Covid-19 on asset prices


Latest update: 1 July 

GlobalData analyst view:

"Several under-construction projects are experiencing delays due to supply chain disruption and manpower shortage."

Global power generation was 2.6% lower in Q1 2020 than Q1 2019.

Renewables-based generation increased by 3%, mainly because of a double-digit percentage increase for wind power and a jump in solar output from new projects over the past year.

Coal-fired generation was squeezed from all sides, and output fell by 8% in Q1 2020 relative to Q1 2019.

supply chain and demand disruption