COVID-19 has triggered the deepest global recession in decades. While the ultimate outcome is still uncertain, the pandemic is expected to plunge most countries into recession in 2020, with per capita income contracting in the largest fraction of countries globally since 1870. The immediate policy priorities are to alleviate the human costs and attenuate the near-term economic losses. Once the crisis abates, it will be necessary to reaffirm a credible commitment to sustainable policies and undertake the reforms necessary to buttress long-term prospects. Global coordination and cooperation provide the greatest chance of achieving public health goals and enabling a robust recovery.
Join Ayhan Kose, Franziska Ohnsorge, Ugo Panizza and Nathan Sussman in this webinar presentation and discussion of the World Bank's latest Global Economic Prospects report.