The world is slowly limping back to work. There is some slowdown in infections and death rates in many developed countries, but the coronavirus is not done with the world yet. Till now, more than 51 lakh people have been infected by the virus globally, with over 3.33 lakh deaths.
That is the human cost. The economic and social impact is unprecedented. This is one of the worst global economic declines ever since records have been kept. Most of the countries are going to witness negative growth ranging from 5-15%. But there is enough resilience in the system with new technologies and global connectivity in financial markets. India needs to have a clear policy to survive and grow in the post-Covid-19 world. Based on these early signs, five trends and suggested policy responses are listed below.
Esta historia es de la edición May 23, 2020 de The Morning Standard.
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