Davos Agenda: What you need to know about the global economy
In May, the world’s top risk professionals identified “prolonged recession of the global economy” as the most feared risk of COVID-19.
This was followed by other economic risks: a surge in bankruptcies and wave of industry consolidation, failure of industries or sectors in certain economies to properly recover, high levels of structural unemployment, and weakening of fiscal positions in major economies, among other significant concerns.
With the COVID-19 fallout compounded by the trade tensions, inequality and geopolitical concerns that marked 2019, ensuring a swift and sustainable economic recovery is paramount.