1945

Investing in sustainable recovery

The COVID-19 pandemic has hit the global economy hard. It has been a shock to gross domestic product (GDP) worldwide, with negative growth in most countries and sharp reductions in growth in some. It has hit incomes, especially of lower-income segments of the population, increasing inequality. Its effects are spread unevenly around the world, with many developing countries – unable to provide the level of income support available in developed countries – limping through the crisis and potentially facing long-term social and economic consequences.

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