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The world economic crisis resulting from the pandemic has affected almost all countries in the world. The recovery is now expected in most regions, thanks to a catch up effect, expectations of a vaccine and very supportive fiscal policies.The crisis will nevertheless have lasting effects. It will bring or accelerate structural changes and will impact trade in several ways. Geopolitical tensions and a new US administration create further uncertainties. In this paper we briefly discuss some of these issues:

  • Changes in supply chains
  • Employment and consumption
  • Public deficits and “Zombie” companies
  • Geopolitical tensions
  • Biden administration
  • Oil and commodity prices
  • Conclusions

About the Author:
Victoire de Groote
Global Head of Country Risk,


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