In 2019，Guangzhou’s economy growth was steady with progress. GDP reached 2.36 trillion RMB with an increase of 6.8%. In terms of industry，the growth of the service sector is generally better than that of the manufacturing sector. From the perspective of demand，investment growth accelerated significantly，exports continued to fall，and consumption growth remained stable. At the beginning of 2020，Covid-19 outbreak broke out and spread around the world，bringing an unprecedented impact on China and global economic and social development，and becoming the most important factor affecting economic growth in 2020. Developed economies such as Europe and the United States have adopted extremely loose monetary and fiscal policies in succession. China has also adopted more flexible monetary policies and more active fiscal policies，and implemented proactive administrative policies，which is expected to play a better supporting role for economic growth in 2020. Considering various factors，the research group predicts that the GDP growth rate of Guangzhou will be between 0.4% and 2.7% in 2020.