Social and economic costs from COVID-19 to persist long after the pandemic, says World Economic Forum

By Ann Wen · 20 January 2021 · Featured

Social and economic costs from COVID-19 to persist long after the pandemic, says World Economic Forum

COVID-19's Devastating Legacy

The World Economic Forum warns of a long-lasting impact on the world's economy and society. Years of progress on poverty and inequality are at risk of being undone.

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Summary

The World Economic Forum's Global Risks Report 2021 has unveiled an alarming risk outlook of short-term healthcare battles and long-term environmental damage and social fragmentation. "The immediate human and economic cost of COVID-19 is severe. It threatens to scale back years of progress on reducing poverty and inequality and to further weaken social cohesion and […]

Tags: Economy, Global Economy