Author(s): Nadia Mansour
The Covid-19 epidemic left China at the end of 2019; the economy of that country was logically the first to be affected. The world economy then came to a standstill as the virus spread. The Covid-19 global pandemic hit the economies of all countries hard, with Europe and the United States leading the way. The IMF predicts a global recession of 3% in 2020. One of the biggest stock market crises is unfolding before our eyes, in the same way as the Great Depression of 1929 or the subprime crisis of 2007-2008. A shock of an exogenous nature, hitting both consumption and production through the disruption of certain supply chains, the coronavirus crisis has plunged the world into the unknown, forcing governments to release billions of euros, in France in particular, to save industrial jewels from bankruptcy.