This article originally appeared as a Council Post on Forbes here.
It’s an understatement to say that these are unprecedented and unpredictable times. Global uncertainty, measured by the World Uncertainty Index, is still around 50% above the historical average of 1996-2010. With the forces of Covid-19, ongoing instability and “uncertainty spillovers” from key systemic economies affecting the global economy, the World Bank’s economists are predicting that the world economy will not surpass pre-pandemic output before 2022.