Free Trade to Decide Future of World Economy

Healthcare is the most important macroeconomic indicator across the world right now. A large-scale global delivery of Covid vaccine seems a bit too optimistic over the next 12 months. It means that a very sharp, quick global economic rebound is unlikely. In the first quarter of the pandemic, the GDP of the United States contracted 9-10 per cent, or about 33 per cent on an annualised basis. This is true even in Germany, though it is likely to have a swifter rebound because its health curve is under control. China, another bellwether, is in a much better shape. In fact, its economic recovery sounds best because they were able to contain the virus.

Both globally as well as domestically for India, growth is highly interdependent across regions. You can't have a small pocket of the world or