The pandemic has made this a historic year for the global economy, now beset by a recession the likes of which we haven’t seen since the Great Depression. To make sense of it all, our GeoEconomics staff and senior fellows have selected the numbers behind the headlines, organized around our three pillars of work, that best capture the global economy’s journey in 2020—and what lies in store for 2021.

From lockdowns that crippled small businesses and supply chains and put millions out of work, to worsening inequality in the United States and abroad, the pandemic has tested the ability of local, national, and multilateral institutions—alongside the capacity of the private sector—to respond, mitigate catastrophic impact, and stimulate an inclusive recovery: one that “builds back better.”

Meanwhile, around the world, no country or demographic group has been spared—except China:

$6.8 trillion

Estimated middle-income…

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