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          ECONOMIC SURVEY 2021 
                     HIGHLIGHTS
       ECONOMICSURVEY2021                                                   2
          Outline
             International scene
             Domestic Economy
                •   Highlights of the country's economic performance in 
                    2020
                •   Highlights of Social Sector Statistics
                •   Revision and Rebasing of National accounts
                •   Economic Performance
             EconomicOutlook
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     INTERNATIONALSCENE
            World Real GDP Growth                    Global Economy contracted by 
                                                     4.2 % in 2020 compared to a 
    4       3.5                                      growth of 2.7% in 2019. 
    3                     2.7
                                                     The contraction was mainly 
    2                                                attributed to;
    1                                                •  Emergence of Covid-19 
    0                                                   disease which significantly 
           2018          2019          2020             constrained economic 
    -1                                                  activity
    -2                                               •  Significant decline in oil prices 
    -3                                                  as a result of dwindling 
    -4                                                  demand.
                                        -4.2
    -5
   INTERNATIONAL SCENEcont’d                                                                  4
                                                         Economies in the OECD 
   •         Real GDP Growth Rates
     6                                                   contracted by 5.5% in 2020 
                                                         compared to a growth of 1.6%  
                                                         in 2019.
     4       3.8
                3.3         3  3.2                       Sub-Saharan African Real GDP 
          2.3                                            contracted  by 1.9 % in 2020 
     2                   1.6                             compared to 3.2 % growth in 
                                                         2019 owing to:
     0                                                   •  Restrictions associated with 
             2018          2019           2020
                                                            COVID -19 pandemic 
    -2                                        -1.9          negatively affected tourism 
                                                            activities.
                                          -2.9
    -4                                                   •  COVID-19 effects on 
                                                            international trade and 
    -6                                 -5.5                 increased debt burden.
                 OECD   BRICS Sub Saharan Africa