In an attempt to curb the spread of the novel coronavirus, several countries around the world restored to lockdowns in early 2020. These lockdowns meant confining millions of people to their homes, closure of businesses and imposing restrictions on various day-to-day activities.
The ceasing of almost all of the economic activity during the initial lockdowns has pushed the global economy into recession. According to the International Monetary Fund, the global economy is expected to shrink by over 3 per cent in 2020 – the steepest slowdown since the Great Depression of the 1930s.
Despite the widespread economic disruption
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