Very few executives could have predicted a virus originating in China would lead to worldwide economic devastation in 2020. Just four months after the first official reports of the COVID-19 outbreak in Wuhan, more than three million cases have been confirmed globally, and with this comes exponential economic unrest.
The pandemic could possibly trim global economic growth by 2% while global trade is predicted to plummet by up to 32%, according to Congressional Research Service.
Stock market uncertainty and businesses facing unprecedented challenges, many of which won’t be known until the peak of the health crisis hits, makes for a suitable time to look at the best places to invest.
The study analysed 80 countries according to business and investment environments. Corruption, freedom, workforce, investor protection, infrastructure, taxes, quality of life, red tape and technological readiness were among the factors taken into consideration.