It doesn’t look good, at all. In fact, it looks downright dire according to the latest global economic report from the International Monetary Fund. It has revised down its forecast for world growth this year from a decline of 3% to a drop of 4.9%. If that isn’t already bad enough, it gets worse. Originally, it was thought that the COVID-19 pandemic would only affect supply chains. So, it was hoped that when supplies resume, then things could improve quickly. Hence, the expectation of a V-shaped economic recovery – a sharp downturn followed by an equally rapid improvement. It was reasoned that the abrupt closure of many businesses by governments around the world would only temporarily interrupt the production of goods and services by those companies. But the impact has not been restricted to only those industries that have been directly affected. The knock-on effect has been felt almost everywhere. That’s’ because the global econo...