World manufacturing set for biggest collapse in decades but impacts uneven – UNIDO report

During the second quarter of 2020, manufacturing production fell sharply in most countries around the world, with the notable exception of China where output had already returned to moderate growth. On current estimates, UNIDO expects a decline in global manufacturing value added of 8.4 per cent for the year as a whole, which would make 2020 the worst year on official records for the sector.