Recovery from the Pandemic across the World: Balancing Short-term and Long-term Concerns

The COVID-19 pandemic combines the worst characteristics of many previous crises into a single extraordinary challenge. What can be expected in terms of a recovery from the crisis in different countries and regions across the world? In this seminar on November 11, 2020, panelists discussed the projections for economic activity in 2020 and 2021 and the domestic and international conditions that may potentially limit or enable a recovery. The seminar also explored the need to balance short-term and long-term concerns during the crisis, and outlined potential reforms to address the structural vulnerabilities that the pandemic has exposed.