The lasting effects of coronavirus

Beyond the short-term effects of the coronavirus epidemic on global trade and global growth, it is important to consider the lasting effects that it will have on: The organisation of value chains, with a greater incentive to return to regional value chains due to the demonstrated fragility of global value chains; The Chinese economy, with a loss of potential growth caused by a likely wave of bankruptcies b r ought about by the loss of growth among companies whose financial situation was already fragile.