- COVID-19 has caused an economic shock three times worse than the 2008 financial crisis.
- Europe and emerging markets have been hit hard economically, China has escaped a recession.
- But the worst could be behind us, and a greener economy could emerge after the pandemic, according to the Chief Economist at IHS Markit.
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It has been a crisis like no other, shutting shops and schools, closing borders and putting half of humanity under some form of lockdown during the spring of 2020. And it’s not over, with cases continuing to mount worldwide as the death toll approaches one million.
To find out more about what the Coronavirus pandemic has done to the global economy so far, and what might lie ahead, I spoke to Nariman Behravesh, Chief Economist at the consulting firm IHS Markit.