The COVID-19 pandemic, an unprecedented event in modern history, continues to leave its mark on societies and economies around the world. We have learned many lessons so far, the most poignant one being that we weren’t prepared for this.
The impact on the global economy has been devastating. The International Monetary Fund (IMF) says the global economy will shrink by 3%, the worst decline since the Great Depression of the 1930s. Many advanced economies, including the US, UK, Canada, France, and Germany are expected to enter a recession this year.
The Dow and FTSE have suffered their worst quarterly drop