The story of 2021 in the global economy will continue to be dominated by the pandemic — but examining these trends will help us understand the structures of the post-pandemic world.

This article is part of the series — India and the World in 2021.


The global economy was dominated in 2020 by the consequences of the COVID-19 pandemic, and it will be in 2021 as well. The pandemic — hopefully — is a once-in-a-century event. Even so, the impact of the outbreak — of the lockdowns and physical-distancing that were imposed in response, and of the economic and public-health reactions from states across the world — has exacerbated various economic and geopolitical trends that already existed prior to the pandemic. The story of 2021 in the global economy will continue to be dominated by the pandemic — but examining these trends will help us understand the structures of the post-pandemic world.

The first big trend exacerbated by…

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