
The Impact that COVID-19 has had on the World’s Economy in 2021
WHAT GOES DOWN, HAS TO COME UP
“The COVID-19 pandemic has spread with alarming speed, infecting millions and bringing economic activity to a near-standstill as countries imposed tight restrictions on movement to halt the spread of the virus. As the health and human toll grows, the economic damage is already evident and presents the largest economic shock the world has experienced in decades,” was the starting paragraph of a June 2020 article published on TheWorldBank.org. However, in September 2021, eighteen months since the dreaded coronavirus pandemic first unsettled us all, the sentiment shared by executive respondents to a McKinsey Global Survey revealed that “the economy is on track towards a recovery”. Seventy-one percent of respondents predict that conditions in the global ...

















