COVID-19 has plunged the world into the deepest crisis in industrial history in just a few months. What began as a local epidemic in Wuhan in December 2019 has developed into a global pandemic along the travel and trade networks so characteristic of 21st Century globalization. The inevitable lock-down has led to GDP losses in the G7 countries of between 20–30% for the first two quarters of 2020.
November 13, 2020
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