The coronavirus pandemic could cost the global economy around $5.8tn. The spread of Covid-19 continues to paralyze economic activity around the world. Many emerging and developing economies were already experiencing weaker growth before this crisis; the shock of COVID-19 now makes the challenges these economies face even harder. Over the longer term, authorities need to undertake comprehensive reform programs to improve the fundamental drivers of economic growth once the crisis lifts.
- Impact on the global economy
- Sustaining economic activity
- Achieving a robust global recovery
- Global coordination and cooperation
- International trade.