It is too soon when it comes to evaluating the damages borne by the global economy due to the pandemic of Covid-19, even though there are some propositions according to which, it could have been pretty much as high as $12 trillion. And if this is the situation, the damages are quite higher than they were during the Great Depression of the last century.
Whatever the case may be, there are still a few things the world can be grateful about, after the extensive utilization of vaccines and preparing for the reopening of the economic movement. It will, however, be the consequences that will take a significant amount of time to overcome the situation, especially as they have already prompted extreme disturbances to the framework of the global economy, with a greater amount of AI and latest technology advancements restructuring production and labor needs.
This is the reason why the global economic recovery will experience various roadblocks. Additionally, the roll-out of vaccines may decrease the severity of the cases, but it doesn’t fully protect due to several virus mutations.
Read more: https://www.emeriobanque.com/news/global-economy-recovering-but-delta-needs-close-observation
