World Bank - Global Economic Prospects - Lasting Scars of the COVID-19 Pandemic

04 June 2020 |

The coronavirus (COVID-19) pandemic is dealing a severe blow to the global economy. Its adverse effects could reverberate long after the worst of the health crisis has passed, according to two analytical chapters of the June 2020 edition of the Global Economic Prospects report. Weakened productivity, depressed investment, lost human capital, and shortened global supply chains will likely be among the lasting consequences of the pandemic. The chapters have been released ahead of the June 8 issuance of the full report, which will include the Bank Group’s latest forecasts for the global economy.

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