Economics
Take a Last Glimpse at a Nightmare Year for the World Economy
- 2020 will live on in economic infamy after lockdowns
- Year of crisis ends with legacy of debt, millions of job cuts
Photographer: Angela Weiss/AFP/Getty Images
This article is for subscribers only.
For the global economy, 2020 is ending with a sense of hope for the future, partly built on the assumption that it can’t surely be that bad again.
Such optimism is also founded on the rollout of vaccines to control the coronavirus pandemic. That means a return to some semblance of business-as-usual in the course of 2021 is now less ambitious a prospect than it once was.