As the world contemplates the savage impact of the COVID-19 virus on the global economy, there’s need to seize initiative in global cooperation to escape the slump caused by the health lockdown.

International economic cooperation will be vital to managing the crisis and to supporting the recovery through trade, stabilising markets, faster reopening of business supply chains and international travel. Without it, the world is facing a prolonged health crisis and lasting economic stagnation on a scale not seen since the Great Depression.