Citi’s Mann: 60% of World Won’t See Pre-Covid GDP Levels by 2022

The transcript discusses the anticipated Q3 GDP recovery and its sustainability into Q4 and beyond. It highlights the importance of returning to pre-COVID GDP levels, which may not occur until 2022 for many countries. The conversation shifts to unemployment, noting that pre-COVID job levels are not expected soon. Consumer behavior is analyzed, with a focus on spending and saving trends, and the role of business norms in shaping economic recovery is explored.

What is the expected timeline for the global economy to return to pre-COVID GDP levels?

How does the unemployment rate in January compare to the current forecasted rates?

What factors are contributing to the slow recovery of business investment post-COVID?

In what ways might consumer behavior change in the coming months as economies reopen?

What role do rules and norms play in the recovery of the economy and consumer confidence?