And the winners remain China and India

The BECH Index 2020 – Corona version
Targeted audience
The target audience for this whitepaper is the board of directors, the
CEOs and the sales and marketing executives of B2B information technology
companies with ambitions for global market coverage.
Abstract
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) 1 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.
Author
Hans Peter Bech, M.Sc. (econ.)
Acknowledgements
Thank you to Manuel Cunha for pointing out mistakes in our regional
classification. The mistakes have been corrected retrospectively for
all the years in this report.
Data collection and proof reading: Emma Crabtree, ecr@tbkconsult.com
Design and lay-out: Jelena Galkina, info@kompot.ee
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1
Source: https://www.imf.org/external/index.htm
4
www.tbkconsult.com