There is a lot that we do not yet know about the health effects of COVID-19. We do not know how the virus is spreading, or why it is causing a high death toll in some countries and a lower one in others. We do not know when we will find a vaccine.

What we do know is that the virus and lockdowns are having severe impacts on the global economy. It is a crisis like no other. The crisis stemming from the COVID-19 pandemic has crippled demand and supply. It is creating huge uncertainties and long-term shifts in consumer preferences and production practices. It is laying bare our vulnerabilities and creating many new challenges. It is one of the most severe blows to economic growth on record.

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