To the initial health shock add a sharp drop in commodity prices; a massive contraction in export volumes (the World Trade Organization expects global trade to decline by as much as one third in 2020); the loss of remittances; and an unprecedented capital outflow.
The economic future is far brighter than you realise but there are some huge policy and political choices ahead, to ensure this success is achieved and more people and firms can share in it.
Children across the world are facing a lifetime of disasters; the return of the pandemic over the next few years, dictatorships in the next decade and climate disaster within the next 20-30 years.
Global economy is the exchange of goods and services integrated into a huge single global market.