While some economic activities will rebound after movement restrictions are lifted, it will take time for incomes and jobs to recover, as some parts of the economy (like manufacturing) will see a faster return to growth than others (like tourism).
NO one could have predicted that Covid-19 would raise a perfect storm, hitting the world economy hard in 2020.
By our estimates, 90% of the world’s economies will expect to see a contraction this year.
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