GGP | Global Governance Paper
Policy Brief No. 202018
Dec 4, 2020
本文已发表于China Daily | 2020-12-03
Series on #Global Health Governance# No. 9
Platform for recovery
Xiong Aizong
The global economy has plunged into a deep recession because of the impact of the novel coronavirus. The International Monetary Fund predicted in October the global economy will shrink by 4.4 percent in 2020, better than the 4.9 percent contraction it predicted in June but still far below the level seen during the 2008 global financial crisis.
The fresh outbreak of infections will further delay a global economic recovery. In these circumstances, the G20 Summit on Nov 21-22 came at a timely moment as it injected new impetus to promote the recovery of the global economy.
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