Lingering scars: Global Economy Feels the Sting of $3.3 Trillion Pandemic Output Loss
The International Monetary Fund (IMF) painted a sobering picture of the global economy’s health in its latest report, highlighting the lingering scars of the COVID-19 pandemic. The report estimated that global output losses since the start of the pandemic in 2020 have reached a staggering $3.3 trillion. This indicates a persistent drag on economic growth, even as many countries have reopened and eased restrictions. The pandemic’s multifaceted […]