Nevertheless, it should be carefully borne in mind that there are significant uncertainties regarding this outlook. A key issue in forecasting the pace of global economic recovery is whether policymakers around the world can prevent increases in corporate bankruptcies and unemployment and the extent to which they can avoid a loss of supply capacity.
If firms can maintain their supply capacity, this will allow global supply chains, which for many years have supported global economic growth, to also be maintained without major disruptions.