The worst effects of the pandemic are likely to be over by the middle of next year, allowing the global economy to get back on its feet. In the world economy, the process of globalisation seems to have slowed, and in some areas, perhaps started to reverse. The global economy could surprise positivelyA few factors are coming together to power the world economy. First, the drag on global growth from the Covid-19 pandemic will end, producing a strong snap-back in demand. There continues to be a popular backlash against many aspects of the global economy.

Source: The Edge Markets December 17, 2020 05:03 UTC