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The world economy is facing its most severe challenge of the postwar period. Economic activity, financial markets, and private sector confidence are all collapsing. The decline in economic activity because of the pandemic lockdown is unprecedented in history. Its impact on the real or productive sectors of the economy is worse than what was witnessed in the aftermath of the 2008 Lehman crisis. The collapse may appear similar in both cases, but the reality is different. Will the present downturn prove to be sharp but relatively brief, with a snapback of economic activity once the pandemic curve is flattened? Or is the stage set for a deep and protracted global recession? - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Support the Economics Channel: ⭐👉 Subscribe ► / @economicschannel416 🔥👉 Patreon ► https://www.patreon.com/user?u=43757117 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Welcome to the Economics Channel (EC)! Economics Channel is a Youtube channel dedicated to the economy, created with the aim of addressing economic and political issues in an impartial, constructive and accessible way. With great respect for the intellectual honesty of each of us, on my channel you will find videos, insights and reviews in the economic field written in the spirit of free speech and open debate. 🖥️ Official website → https://economychannelec.wordpress.com/ ✉️ Business Email → [email protected] #economy #recession #crisis