Epidemic, Fragmentation, Inflation(2)

Epidemic, fragmentation, inflation(2)

IMF chief economist Gita Gopinat warned that the continued spread of highly infectious variants of the new crown virus may "derail" the world economic recovery, or cause a total loss of approximately US$4.5 trillion in global economic output by 2025.

Wells Fargo Securities Economist Nick Bennenbroke believes that the impact of the latest round of the epidemic rebound on the global economy will depend on its duration and whether countries will re-introduc strict prevention and control measures. If this round of the epidemic causes the governments of some countries to re-block their economies, global economic growth will be severely dragged down.

As Gopinath said, only by repelling the epidemic on a global scale can the recovery of the world economy be guaranteed.

recovery fragmentation

Affected by multiple factors such as the uneven distribution of the global new crown vaccine, the different policy support of various countries, and the blockage of the global supply chain, the pace of global economic recovery has become increasingly divergent, and the "immune gap", development gap, and poverty between developed and developing economies The wealth gap continues to widen, and the trend of fragmentation of the global economic and trade landscape is further emerging.