The Importance of Diversification in the Global Economy

Trade fell by about 12 % in the second quarter of 20 20 relative to late 20 19. That's a similar drop in trade to what happened during the global financial crisis, but it happened much more quickly than has typically been the case in other recessions. The i m f finds that there's i improvement over time in the effect of a given lock down on ade. And they chalk this up to adaptability of supply chains and learning to get around mobility restrictions better.