From: https://lnkd.in/g6kkUVQ
Four Economic Challenges
Over 90% of the world’s economies are contracting. The present global recession has no precedent in terms of synchronization.

A major slump in world trade volume is taking place.

Additional debt incurred by all countries, and many private entities, to mitigate the worst consequences of the pandemic, while humane,politically popular and in many cases essential, has moved debt to GDP ratios to uncharted territory. This insures that a persistent misallocation of resources will be reinforced, constraining growth as productive resources needed for sustained growth will be unavailable.

2020 global per capita GDP is in the process of registering one of the largest yearly declines in the last century and a half and the largest decline since 1945. The lasting destruction of wealth and income will take time to repair.