The global economy was predicted to collapse due to the COVID-19 pandemic

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Izvestia: WEF analysts predicted the collapse of the economy due to COVID-19 and new strains

The global economy was predicted to collapse due to the COVID-19 pandemic

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Analysts at the World Economic Forum (WEF) predicted that the consequences of the coronavirus pandemic and the emergence of new strains could literally lead to the collapse of the global economy. Izvestia writes about it.

Experts interviewed more than 12,000 respondents from 124 states. As a result, they singled out the problems of the immediate future and those that will have to be feared in the future. They are all related to the consequences of the COVID-19 pandemic.

“Vaccination and accelerated digitalization have allowed some countries to already embark on the path of rapid post-crisis recovery, while others are still raking in the worst consequences,” the experts noted, recalling that half of the world’s population is still unvaccinated.

They believe that the economic recovery is uneven. So, already now the world is divided into winners and losers, which can lead to new problems – the rising cost of energy resources, a new round of the logistics crisis and a surge in inflation.

According to the WEF, this is a real threat to 97 countries, including 16 G20 economies. And the result will be a further increase in the number of refugees.

Earlier this week, the World Bank (WB) released its World Economic Outlook report, which also forecast Russia's GDP growth over the next two years. If in 2022 it coincides with Credit Suisse, then next year, WB experts are sure, the growth of the Russian economy will fall to 1.8 percent. As for global growth, it will be 4.1 percent in 2022 and 3.2 percent in 2023.

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