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HomeNewsGlobal NewsThe great lockdown and how has COVID changed our view of risk

The great lockdown and how has COVID changed our view of risk

By Robin Pomeroy, Digital Editor, World Economic Forum

Incredible: that’s the word the IMF’s chief economist uses to describe the impact of COVID-19 on the global economy.

“We call this the Great Lockdown, because, if you look around the world, the containment measures that have been put in place … are generating the scale of contraction and activity that are just historical numbers.”

The International Monetary Fund’s Gita Gopinath tells this week’s World Vs Virus podcast what’s needed to climb out from the Great Lockdown, and the role globalization will play.

“This is a virus that doesn’t respect borders,” she tells World Vs Virus. “This requires global cooperation.”

 

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