In 30 days the global economy has been brought to the brink of depression. In February the DOW was soaring at record highs and the U.S. economy was in the midst of its greatest economic expansion in history.
A global recession for 2020 was all but unthinkable.
Now the U.S. government is set to inject $1trillion into the U.S. economy to stop mass lay offs, and the U.K. government has agreed to pay 80% of the nation’s wages. As economies are grinding to a halt across the globe the affects of Covid-19 could be hear for a long time.
As the pandemic continues experts are now thinking how it will shape the world once the health emergency has ended. Many think the world will see major shifts in global supply chains and how global trade is conducted.
Many have been warning the West about the threat of a global pandemic. In 2013 the World Bank said, “A severe pandemic would resemble a global war in its sudden, profound, and widespread impact”
Read More: CNN