The covid-19 pandemic has caused economic chaos and uncertainty. Zanny Minton Beddoes, our editor-in-chief, and Edward Carr, our deputy editor, answer your questions about the global economy

Further reading:

Find The Economist’s most recent coverage of covid-19 here: https://econ.st/31E02VY

Sign up to The Economist’s daily newsletter to keep up to date with our latest covid-19 coverage: https://econ.st/3ghRh7W

Read our briefing on the damage covid-19 has done to world trade: https://econ.st/3gmUtPQ

Article: How resilient are the banks? https://econ.st/3eVKmBb

Our leader on why most investors and some firms are upbeat about the world economy: https://econ.st/2ZtvSC2

Daily Chart: America’s stockmarket just had its best quarter in 20 years: https://econ.st/2BYXmaC

Read about the euro area’s economic stimulus: https://econ.st/38wCnrX

Can Hong Kong remain a global financial centre? https://econ.st/2BvhiBX

Questions
00:25 – Will the economic shock caused by imposing lockdowns prove more costly than the pandemic itself?
01:52 – How could an economic recession shift the global balance of power?
02:34 – Will this be a chance for China to become the global financial hub?
04:53 – Which countries are most vulnerable to the effects of covid-19 and why?
06:22 – What will the impact on the jobs market be for those graduating in 2020?
08:43 – Has the pandemic made globalisation look like a liability?

You asked: Are global networks deeply rooted enough to withstand external economic shocks?

One of 11 questions OpenCanada.org asked Don Tapscott.

Webinar held on Covid-19 Economic Shock from a global Perspective on 29 January, 2021

Predicting the path ahead has become nearly impossible, but we can speculate about the size and scale of the economic shock.

Economic contagion is now spreading as fast as Covid-19 itself. Social distancing, intended to physically disrupt the spread, has severed the flow of goods and people, stalled economies, and is in the process of delivering a global recession. Predicting the path ahead has become nearly impossible, as multiple dimensions of the crisis are unprecedented and unknowable. Pressing questions include the path of the shock and recovery, whether economies will be able to return to their pre-shock output levels and growth rates, and whether there will be any structural legacy from the coronavirus crisis. This Explainer explores several scenarios to model the size and scale of the economic shock and the path ahead.

Based on the HBR article by Philipp Carlsson-Szlezak, Martin Reeves and Paul Swartz

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