And the winners remain China and India - The BECH Index 2020 (Corona edition)
This whitepaper presents an estimation of the relative demand capacity for B2B information technology and related services worldwide. This estimation is called “The BECH Index.”
TBK Consult have previously calculated the BECH Index annually based on data published by The Central Intelligence Agency (CIA). The current 2020 Corona report is based on data provided by the International Monetary Fund (IMF) and includes estimates for 2020 and 2021.
In April 2020 IMF published their first assessment of the impact on the global economy of the Covid-19 lockdowns across the world. They expected the recession to result in a three per cent contraction of the economy in 2020 followed by fast recovery with 5.8 per cent growth in 2021.
This report has simulated the distribution of global demand based on the IMF data including the estimates for 2020 and 2021. It reconfirms the conclusion from the previous reports, only the trend has been accelerated. This means that China, India and what I call Rest of Asia (which excludes Australia, New Zealand, Japan, South Korea and Taiwan) are growing faster than any other countries.
For this report I have also moved the UK out of the EU. For comparison reasons this has been done for all years.