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The Global Economy Will Never Be the Same

  • Foreign Affairs
  • Sep 20, 2020
  • 1 min read

The Pandemic Depression. The World Bank estimates that as many as 60 million people globally will be pushed into extreme poverty as a result of the pandemic.


The pandemic has created a massive economic contraction that will be followed by a financial crisis in many parts of the globe, as nonperforming corporate loans accumulate alongside bankruptcies. Sovereign defaults in the developing world are also poised to spike. Read more ...

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