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Economic shocks like the coronavirus pandemic of 2020 only arrive once every few generations, and they bring about permanent and far-reaching change.
A British government informational poster is seen on a bus stop, amid the coronavirus disease (COVID-19) pandemic, in London, Britain, December 30 2020.
A British government informational poster is seen on a bus stop, amid the coronavirus disease (COVID-19) pandemic, in London, Britain, December 30 2020.
© Reuters / Scanpix

Measured by output, the world economy is well on the way to recovery from a slump the likes of which barely any of its 7.7 billion people have seen in their lifetimes. Vaccines should accelerate the rebound in 2021. But other legacies of Covid-19 will shape global growth for years to come.

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