Early in the pandemic, experts projected that the world economy could shrink by almost 10% in 2020.Yet what played out was a contraction of 3.1%still a huge loss of output, but not nearly as dire.To a large extent, this was due to international cooperation.Countries came together to diagnose the problem: a simultaneous shock to supply and demand.
#people #years #communities #climate-change #health-care #climate-crisis #cooperation #foundations #great-depression #world-economy
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