Whether the world economy recovers or declines in the coming year will depend upon a number of complex interlocking factors. Unlike SARS, the COVID-19 pandemic endangers the security of the real economy and increases worries.

While the fast-changing nature of COVID-19 makes economic interventions difficult to predict, China's uneven economic recovery may serve as a roadmap for other countries overcoming the outbreak.

The coronavirus outbreak has shaken global supply chains, causing massive ripples in the international market. It is only to be expected that there will also be major changes to how companies approach supply chain management and practices too.

While reductions will end price wars, major problems remain unresolved on the demand side. Consumption has fallen because of the coronavirus pandemic, and little short of a vaccine will help.

The old model delivered extraordinary benefits to humanity, but it also created winners and losers. The coronavirus pandemic is a reminder that we must look to the needs of the losers.

Underdeveloped nations with limited resources should be embraced as part of the world community. They are a relatively small but key element in the restoration of the global economy.

The economic a political similarities to the Great Depression are alarming. The only way to avert a more serious crisis, China believes, is for nations to act with benevolence, mutual respect and good faith.

The coronavirus pandemic has gifted the world with a blank slate with which we can reconstruct its economy. Now is our chance to transition into a social and environmental consciousness-driven economy that will ease post-COVID disasters.

COVID-19’s exponential growth has already offered the public a crash course in numeracy. It is also proving to be a crash test for systemic risk. While it is too soon for the final verdict, it is already clear that the US – not just its current leadership – will need a significant overhaul.

The economic impact of COVID-19 cannot be understated. The longer the pandemic lasts, the worse our chances for quick recovery.