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	<title>Issues &#8211; CSISMag</title>
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		<title>Covid-19 and the Global Economy</title>
		<link>https://mag.csis.org/issues/covid-19-and-the-global-economy/</link>
		
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		<pubDate>Thu, 13 Aug 2020 18:53:17 +0000</pubDate>
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					<description><![CDATA[<p class="post-block__excerpt">The Covid-19 pandemic has caused an economic disruption that will be felt for years to come. Learn more about what challenges and opportunities lie ahead in this issue of CSISMag.</p>
<p>The post <a rel="nofollow" href="https://mag.csis.org/issues/covid-19-and-the-global-economy/">Covid-19 and the Global Economy</a> appeared first on <a rel="nofollow" href="https://mag.csis.org/">CSISMag</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="csis-block wp-block-lazyblock-csismag-original lazyblock-csismag-original-ZHnb7z">
<article class="post-block post-block--post post-228 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-228">
	<header class="post-block__header">
		<div class="post-meta"><ul class="post-meta__top"></ul><div class="post-meta__original">CSIS<i>Mag</i> Original Feature</div></div><h2 class="post-block__title"><a href="https://mag.csis.org/labor-market-covid/">Lasting Disruption to the Labor Market</a></h2>	</header>

	<p class="post-block__excerpt">Job growth continued in July but has slowed considerably from earlier this summer. Deeper analysis reveals that some worrying trends have emerged in the labor market. </p>
<div class="post-meta post-meta__authors"><span class="post-meta__label">By</span> <span class="post-meta__value"><a href="https://www.csis.org/people/matthew-p-funaiole" title="Visit Matthew P. Funaiole&#8217;s website" rel="author external">Matthew P. Funaiole</a>, <a href="https://www.csis.org/people/serven-maraghi" title="Visit Serven Maraghi&#8217;s website" rel="author external">Serven Maraghi</a></span></div><figure class="post-block__img">
			<a href="https://mag.csis.org/labor-market-covid/"><img fetchpriority="high" width="1200" height="600" src="https://mag.csis.org/wp-content/uploads/2020/08/csismag-illustration-unemployment-1200x600.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="A representation of the labor market through an illustration of a line of people outside an Employment Office." decoding="async" srcset="https://mag.csis.org/wp-content/uploads/2020/08/csismag-illustration-unemployment-1200x600.jpg 1200w, https://mag.csis.org/wp-content/uploads/2020/08/csismag-illustration-unemployment-300x150.jpg 300w, https://mag.csis.org/wp-content/uploads/2020/08/csismag-illustration-unemployment-1024x512.jpg 1024w, https://mag.csis.org/wp-content/uploads/2020/08/csismag-illustration-unemployment-768x384.jpg 768w, https://mag.csis.org/wp-content/uploads/2020/08/csismag-illustration-unemployment-1536x768.jpg 1536w" sizes="(max-width: 1200px) 100vw, 1200px" data-attachment-id="263" data-permalink="https://mag.csis.org/csismag-illustration-unemployment/" data-orig-file="https://mag.csis.org/wp-content/uploads/2020/08/csismag-illustration-unemployment-scaled.jpg" data-orig-size="2560,1280" data-comments-opened="0" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="csismag-illustration-unemployment" data-image-description="" data-medium-file="https://mag.csis.org/wp-content/uploads/2020/08/csismag-illustration-unemployment-300x150.jpg" data-large-file="https://mag.csis.org/wp-content/uploads/2020/08/csismag-illustration-unemployment-1024x512.jpg" /></a>
		</figure>
</article><!-- .post -->
</div>

<div class="csis-block wp-block-lazyblock-csis-content lazyblock-csis-content-Z12iooy alignright"><article class="csis-block--content">
  <header class="csis-block__header">
    <h2 class="csis-block__title">
      <a href="https://www.csis.org/analysis/breaking-down-g20-covid-19-fiscal-response-june-2020-update" title="Read full article.">Breaking Down the G20 Covid-19 Fiscal Response: June 2020 Update</a>
    </h2>
    <div class="csis-block__meta">
      <span class="csis-block__type">Commentary</span>
    </div>
  </header>
  <p class="csis-block__desc">The CSIS Economic Program analyzes the components of G20 countries’ fiscal responses to the Covid-19 pandemic and related economic shock. Updated June 29, 2020.</p>
    <ul class="post-meta post-meta__authors">
        <li class="post-meta__value"><a href="https://www.csis.org/people/stephanie-segal">Stephanie Segal</a></li>
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  <div class="csis-block__buttons">
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  </div>
  <figure class="csis-block__img">

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      <img data-attachment-id="245" data-permalink="https://mag.csis.org/breaking-down-g20-fiscal-response/" data-orig-file="https://mag.csis.org/wp-content/uploads/2020/08/breaking-down-g20-fiscal-response.jpg" data-orig-size="1040,585" data-comments-opened="0" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="breaking-down-g20-fiscal-response" data-image-description="" data-medium-file="https://mag.csis.org/wp-content/uploads/2020/08/breaking-down-g20-fiscal-response-300x169.jpg" data-large-file="https://mag.csis.org/wp-content/uploads/2020/08/breaking-down-g20-fiscal-response-1024x576.jpg" decoding="async" width="1040" height="585" src="https://mag.csis.org/wp-content/uploads/2020/08/breaking-down-g20-fiscal-response.jpg" alt="" class="wp-image-245" srcset="https://mag.csis.org/wp-content/uploads/2020/08/breaking-down-g20-fiscal-response-300x169.jpg 300w, https://mag.csis.org/wp-content/uploads/2020/08/breaking-down-g20-fiscal-response-1024x576.jpg 1024w, https://mag.csis.org/wp-content/uploads/2020/08/breaking-down-g20-fiscal-response-768x432.jpg 768w, https://mag.csis.org/wp-content/uploads/2020/08/breaking-down-g20-fiscal-response.jpg 1040w" sizes="(max-width: 580px) 100vw, 580px" />
    </a>
  </figure>
</article></div>

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      <a href="https://www.csis.org/analysis/compulsory-licensing-cure-distributing-cure" title="Read full article.">Compulsory Licensing: A Cure for Distributing the Cure?</a>
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      <span class="csis-block__type">Critical Questions</span>
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  </header>
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    <ul class="post-meta post-meta__authors">
        <li class="post-meta__value"><a href="https://www.csis.org/people/william-alan-reinsch">William Reinsch</a></li>
                <li class="post-meta__value"><a href="https://www.csis.org/people/jack-caporal">Jack Caporal</a></li>
            </ul>
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    </a>
  </figure>
</article></div>

<div class="csis-block wp-block-lazyblock-csis-content lazyblock-csis-content-ZlfvKD alignright"><article class="csis-block--content">
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      <a href="https://www.csis.org/analysis/chinas-digital-silk-road-after-coronavirus" title="Read full article.">China’s Digital Silk Road after the Coronavirus</a>
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    <div class="csis-block__meta">
      <span class="csis-block__type">Commentary</span>
        <span class="csis-block__series">On the Horizon</span>
    </div>
  </header>
  <p class="csis-block__desc">China’s technology ambitions appeared imperiled by Covid-19, but the pandemic is already providing new opportunities for China’s rise as a technology power and global provider of digital infrastructure.</p>
    <ul class="post-meta post-meta__authors">
        <li class="post-meta__value"><a href="https://www.csis.org/people/jude-blanchette">Jude Blanchette</a></li>
                <li class="post-meta__value"><a href="https://www.csis.org/people/jonathan-e-hillman">Jonathan Hillman</a></li>
            </ul>
  <div class="csis-block__buttons">
    <a href="https://www.csis.org/analysis/chinas-digital-silk-road-after-coronavirus" title="Read full article." class="csis-block__cta btn btn--solid">Read More</a>
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    <a href="https://www.csis.org/analysis/chinas-digital-silk-road-after-coronavirus" title="Read full article.">
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    </a>
  </figure>
</article></div>

<div class="csis-block wp-block-lazyblock-issue-podcasts lazyblock-issue-podcasts-Z29mA87"><div class="csis-block--podcasts">
  <h2 class="csis-block__heading">Podcast</h2>
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    <p class="csis-block__desc">
      In this episode, Steve Morrison and Andrew Schwartz are joined by Congressman Ami Bera (D-CA) to talk about his work on the CSIS Commission on Strengthening America’s Health Security and his impressions of Covid-19 as both a doctor and an elected representative.
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    <p class="csis-block__desc">
      In this episode, the Trade Guys and Andrew Schwartz talk about the impact Covid-19 is having on the U.S. economy. They also talk about supply chain resilience and reconstruction.
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<div class="csis-block wp-block-lazyblock-csis-content lazyblock-csis-content-2kgILT"><article class="csis-block--content">
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<div class="csis-block wp-block-lazyblock-csis-content lazyblock-csis-content-ZdU7pH alignright"><article class="csis-block--content">
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  <figure class="csis-block__img">

    <a href="https://www.csis.org/events/online-event-new-international-economy" title="Read full article.">
      <img data-attachment-id="242" data-permalink="https://mag.csis.org/economydisrupted/" data-orig-file="https://mag.csis.org/wp-content/uploads/2020/08/EconomyDisrupted.jpg" data-orig-size="600,343" data-comments-opened="0" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="EconomyDisrupted" data-image-description="" data-medium-file="https://mag.csis.org/wp-content/uploads/2020/08/EconomyDisrupted-300x172.jpg" data-large-file="https://mag.csis.org/wp-content/uploads/2020/08/EconomyDisrupted.jpg" decoding="async" loading="lazy" width="600" height="343" src="https://mag.csis.org/wp-content/uploads/2020/08/EconomyDisrupted.jpg" alt="" class="wp-image-242" srcset="https://mag.csis.org/wp-content/uploads/2020/08/EconomyDisrupted-300x172.jpg 300w, https://mag.csis.org/wp-content/uploads/2020/08/EconomyDisrupted.jpg 600w" sizes="(max-width: 580px) 100vw, 580px" />
    </a>
  </figure>
</article></div>

<div class="csis-block wp-block-lazyblock-issue-videos lazyblock-issue-videos-1BeBcM"><div class="csis-block--videos">
  <h2 class="csis-block__heading">Video</h2>
  <div class="csis-block__block">
    <div class="csis-block__header">
      <div class="csis-block__meta csis-block__series">Critical Questions from Home</div>
      <a href="https://www.youtube.com/watch?v=xgEXSzKH9Tw&amp;list=PLnArnDQHeUqcog2CUQg2iL6x11hAPQZti&amp;index=3" class="csis-block__title">How Has China Handled the Economic Fallout of Covid-19?</a>
    </div>
    <p class="csis-block__desc">
      How will economic issues playout at China&#8217;s upcoming National People&#8217;s Congress? Scott Kennedy, CSIS Trustee Chair in Chinese Business and Economics, explains China&#8217;s efforts to economically recover from the outbreak of the novel coronavirus.
    </p>
    <div class="videoWrapper">
      <iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/xgEXSzKH9Tw" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
    </div>
  </div>
  <div class="csis-block__block">
    <div class="csis-block__header">
      <div class="csis-block__meta csis-block__series">Critical Questions from Home</div>
      <a href="https://www.youtube.com/watch?v=n6EaTTu3Wjw&amp;list=PLnArnDQHeUqcog2CUQg2iL6x11hAPQZti&amp;index=12" class="csis-block__title">How is the G20 Responding to the Covid-19 Pandemic?</a>
    </div>
    <p class="csis-block__desc">
      CSIS’s Matthew Goodman and Stephanie Segal examine the Covid-19 pandemic’s economic impact. For a crisis that is practically begging for international cooperation, there are bright spots, including recent G20 actions to provide debt relief to low-income countries, and continued tensions to watch.
    </p>
    <div class="videoWrapper">
      <iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/n6EaTTu3Wjw" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
    </div>
  </div>
  <a href="https://www.youtube.com/user/csisdc" class="csis-block__section-link">See More on Youtube <svg class="icon icon-arrow-right"><use xlink:href="#icon-arrow-right"></use></svg></a>
</div></div>

<div class="csis-block wp-block-lazyblock-csis-content lazyblock-csis-content-14Bgkn"><article class="csis-block--content">
  <header class="csis-block__header">
    <h2 class="csis-block__title">
      <a href="https://www.csis.org/events/online-event-how-covid-19-changed-global-economy" title="Read full article.">How Covid-19 Changed the Global Economy</a>
    </h2>
    <div class="csis-block__meta">
      <span class="csis-block__type">Event</span>
    </div>
  </header>
  <p class="csis-block__desc">The IMF’s Gita Gopinath discusses the future of the global economy after the Covid-19 pandemic.</p>
    <ul class="post-meta post-meta__authors">

        <li class="post-meta__value"></li>
    </ul>
  <div class="csis-block__buttons">
    <a href="https://www.csis.org/events/online-event-how-covid-19-changed-global-economy" title="Read full article." class="csis-block__cta btn btn--solid">Watch Recording</a>
  </div>
  <figure class="csis-block__img">

    <a href="https://www.csis.org/events/online-event-how-covid-19-changed-global-economy" title="Read full article.">
      <img data-attachment-id="242" data-permalink="https://mag.csis.org/economydisrupted/" data-orig-file="https://mag.csis.org/wp-content/uploads/2020/08/EconomyDisrupted.jpg" data-orig-size="600,343" data-comments-opened="0" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="EconomyDisrupted" data-image-description="" data-medium-file="https://mag.csis.org/wp-content/uploads/2020/08/EconomyDisrupted-300x172.jpg" data-large-file="https://mag.csis.org/wp-content/uploads/2020/08/EconomyDisrupted.jpg" decoding="async" loading="lazy" width="600" height="343" src="https://mag.csis.org/wp-content/uploads/2020/08/EconomyDisrupted.jpg" alt="" class="wp-image-242" srcset="https://mag.csis.org/wp-content/uploads/2020/08/EconomyDisrupted-300x172.jpg 300w, https://mag.csis.org/wp-content/uploads/2020/08/EconomyDisrupted.jpg 600w" sizes="(max-width: 580px) 100vw, 580px" />
    </a>
  </figure>
</article></div>

<div class="csis-block wp-block-lazyblock-csis-content lazyblock-csis-content-Z23KW4p alignright"><article class="csis-block--content">
  <header class="csis-block__header">
    <h2 class="csis-block__title">
      <a href="https://www.csis.org/analysis/pandemic-pandemonium-how-virus-could-change-trading-system" title="Read full article.">Pandemic Pandemonium: How the Virus Could Change the Trading System</a>
    </h2>
    <div class="csis-block__meta">
      <span class="csis-block__type">Commentary</span>
        <span class="csis-block__series">On the Horizon</span>
    </div>
  </header>
  <p class="csis-block__desc">New trade policies are being implemented without the United States at the table, which undercuts U.S. leadership and threatens U.S. interests around the world.</p>
    <ul class="post-meta post-meta__authors">
        <li class="post-meta__value"><a href="https://www.csis.org/people/william-alan-reinsch">William Reinsch</a></li>
            </ul>
  <div class="csis-block__buttons">
    <a href="https://www.csis.org/analysis/pandemic-pandemonium-how-virus-could-change-trading-system" title="Read full article." class="csis-block__cta btn btn--solid">Read More</a>
  </div>
  <figure class="csis-block__img">

    <a href="https://www.csis.org/analysis/pandemic-pandemonium-how-virus-could-change-trading-system" title="Read full article.">
      <img data-attachment-id="59" data-permalink="https://mag.csis.org/oth_banner_final/" data-orig-file="https://mag.csis.org/wp-content/uploads/2020/04/OTH_Banner_FINAL.jpg" data-orig-size="800,458" data-comments-opened="0" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="On the Horizon: A CSIS Series" data-image-description="" data-medium-file="https://mag.csis.org/wp-content/uploads/2020/04/OTH_Banner_FINAL-300x172.jpg" data-large-file="https://mag.csis.org/wp-content/uploads/2020/04/OTH_Banner_FINAL.jpg" decoding="async" loading="lazy" width="800" height="458" src="https://mag.csis.org/wp-content/uploads/2020/04/OTH_Banner_FINAL.jpg" alt="On the Horizon: A CSIS Series" class="wp-image-59" srcset="https://mag.csis.org/wp-content/uploads/2020/04/OTH_Banner_FINAL-300x172.jpg 300w, https://mag.csis.org/wp-content/uploads/2020/04/OTH_Banner_FINAL-768x440.jpg 768w, https://mag.csis.org/wp-content/uploads/2020/04/OTH_Banner_FINAL.jpg 800w" sizes="(max-width: 580px) 100vw, 580px" />
    </a>
  </figure>
</article></div>

<div class="csis-block wp-block-lazyblock-issue-stats lazyblock-issue-stats-ZbOdy0"><div class="csis-block--stat">
  <a href="https://www.csis.org/analysis/china-wont-be-scared-choosing-marketization" class="stat">
    <p class="csis-block__desc">
      <span class="stat__value">-6.8% </span>
      China’s GDP in the first quarter of 2020 dropped 6.8 percent compared to the same point in 2019. 
    </p>
      <div class="csis-block__meta csis-block__type">Commentary</div>
      <div class="csis-block__title">
        China Won’t Be Scared into Choosing Marketization
        <svg class="csis-block__title-icon icon icon-arrow-right"><use xlink:href="#icon-arrow-right"></use></svg>
      </div>
      <div class="post-meta post-meta__authors csis-block__meta">
        <span class="post-meta__label">By</span> <span class="post-meta__value">Scott Kennedy</span>
      </div>
  </a>
  <a href="https://www.csis.org/analysis/tracking-international-financial-institutions-covid-19-response" class="stat">
    <p class="csis-block__desc">
      <span class="stat__value">$140.7 billion </span>
      CSIS estimates IFIs have approved $140.7 billion in Covid-19-related support since January 27.
    </p>
      <div class="csis-block__meta csis-block__type">Commentary</div>
      <div class="csis-block__title">
        Tracking International Financial Institutions’ Covid-19 Response
        <svg class="csis-block__title-icon icon icon-arrow-right"><use xlink:href="#icon-arrow-right"></use></svg>
      </div>
      <div class="post-meta post-meta__authors csis-block__meta">
        <span class="post-meta__label">By</span> <span class="post-meta__value">Stephanie Segal</span>
      </div>
  </a>
  <a href="https://www.csis.org/analysis/covid-19-reshapes-future" class="stat">
    <p class="csis-block__desc">
      <span class="stat__value">20% </span>
      Global goods trade is on track to decrease by 20 percent.
    </p>
      <div class="csis-block__meta csis-block__type">Report</div>
      <div class="csis-block__title">
        Covid-19 Reshapes the Future
        <svg class="csis-block__title-icon icon icon-arrow-right"><use xlink:href="#icon-arrow-right"></use></svg>
      </div>
      <div class="post-meta post-meta__authors csis-block__meta">
        <span class="post-meta__label">By</span> <span class="post-meta__value">Samuel Brannen, Habiba Ahmed, Henry Newton</span>
      </div>
  </a>
</div></div><p>The post <a rel="nofollow" href="https://mag.csis.org/issues/covid-19-and-the-global-economy/">Covid-19 and the Global Economy</a> appeared first on <a rel="nofollow" href="https://mag.csis.org/">CSISMag</a>.</p>
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