Irina Fan, Patrick Saner, Thomas Holzheu, Fiona Gillespie
The world economy’s resilience is being shaken by the COVID-19 crisis as countries deplete their fiscal and monetary reserves. Our latest annual resilience indices show profound shifts in economic and household resilience from the COVID-19 pandemic. The crisis is expected to reduce global macroeconomic resilience by close to 20% in 2020 as governments use up fiscal and monetary headroom with stimulus measures. Post-COVID-19, we expect the global economy to be almost 30% less resilient than in 2007 than before the global financial crisis (GFC). Read more
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