Where you are. Thank you for joining us for this Virtual Event on the po postcovid global outlook. Im a senior fellow and vicepresident of the economy and Development Program at brookings. The Global Economy is sharp, unprecedented in its depth. And the pandemic and responses have brought countries and economies to a standstill disrupting billions of lives and jeopardizing decades of development progress. The june edition of the World Bank Global economic prospects which motivates todays conversations envisions a 5 1 4 contraction of global gdp in 2020. This is the deepest global recession since world war ii and the largest collapse in per capita income since 1870. Its a timely report thats informed by assessment of the fundamental drivers of longterm growth, including the collapsing investments which will slow capital formations and in Human Capital and the location of trade and supply linkages among others. The pandemic is having a proportionate effect on lower Income Countries where
Benefit of having a big civilization with lots of interactions, lots of people meeting people, doing business, creating. Good morning. Good evening, depending on where you are. Thank you for joining us. Senior fellow and Vice President of the Global Economy and development program, and brookings. The Global Economy is in perfect. The pandemic continues disrupting billions of lives, jeopardizing billions. The World Bank Global economic prospects which relates this conversation, its infraction on global gdp in 2020. This is the global recession since world war ii, since 1870. Its informed by an assessment fundamental drivers of a long time ago, a formation. The location of trade but headline Economic Growth number, having its proportionate effect and lower Income Countries, the large. There dominated the ability to adjust to covered religious measures such as confinement. The population in such the pandemic is likely to leave a legacy of inequalities between and within countries, and the
The june edition of the World Bank Global economic prospects which relates this conversation, 5 global contraction on global gdp in 2020. It is the deepest global recession since world war ii, and the biggest collapse in income since 1870. Its informed by an assessment fundamental drivers of a long time growth, which will slow capital formation. The dislocation of trade among others. Beyond the headline Economic Growth number, the pandemic is having a disproportionate effect and lower income countries, the large. Dominated by are the sector with limited ability to adjust for covid related measures like confinement. The most vulnerable population in the economy is more exposed. The pandemic is likely to leave a legacy of even wider inequality between and within countries and less the dimension is integrated. It was refreshing to see the report about covid and inequality. As disruptive as the pandemic has been around the world, there is still great uncertainty as to whether we have seen
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The Georgian economy grew by 9.5 percent year-on-year in February, while the average real gross domestic product growth for January-February equalled 7.7 percent, the National Statistics Office said on Friday.