UNIDO - Global manufacturing bounces back but outlook remains gloomy

09 December 2020 |

Most countries saw a recovery in manufacturing in the third quarter of 2020, after the collapse experienced in the first half of the year due to the COVID-19 pandemic. China had already returned to growth in the previous quarter and has now exceeded its pre-crisis manufacturing production level. Nonetheless, updated UNIDO forecasts anticipate an unprecedented decline in global manufacturing of 8.7 per cent for 2020.

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