The devastating economic impact of the great lockdown

Demand for energy is plunging in the worst economic slump since the Great Depression, and governments have only a limited ability to cushion the blow

The IMF this week gave a stark depiction of the devastating impact of what it is calling “the Great Lockdown”, in its latest World Economic Outlook. The world is heading into a much worse decline than in the financial crisis of 2008-09, with global GDP shrinking by 3% this year, the IMF believes.

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About Giorgio Bertini

Research Professor. Founder Director at Learning Change Project - Research on society, culture, art, neuroscience, cognition, critical thinking, intelligence, creativity, autopoiesis, self-organization, rhizomes, complexity, systems, networks, leadership, sustainability, thinkers, futures ++
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