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Will the global economy slip into another "Great Depression"? mp.weixin.qq.com/s/WYPSFnGxjMhD…
Considering the recent tumult in global economic and financial markets triggered by the pandemic, there exist quite a few pessimistic expectations that the #GreatDepression 2.0 is looming.
The panic over a possible return of the Great Depression is misleading in view of the vast discrepancies between the present and the Great Depression in terms of monetary system, principles on #macropolicies, #global trade, robustness of banking system and #socialsecuritysystem.
