Post-Pandemic Challenge

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The world today is confronted with multiple challenges, be it COVID-19, conflict, climate change or economic downturns caused by the pandemic. These major drivers are unique but not mutually exclusive, as they interact to the detriment of food security and nutrition by creating multiple and compounding impacts. Their adverse influence is made all the more difficult by high and persistent levels of inequality within and among countries.  To confront the current challenges, there is need a transformation in our vision for the future. The COVID pandemic and the climate crisis should drive home the message to all – rich and poor, weak or powerful – that their destinies are intertwined.  The solution to our problems lies in global solidarity and collective actions with a pledge to leave no one behind.  We can also envision that we would be able to do some quick checks that while not conclusive, should be able to substantially reduce the likelihood of an infected person entering a public place. Those pushing negative views on the post-pandemic economy generally highlight the situation of heavily indebted businesses that face bankruptcy. Clearly, there were many businesses that were heavily indebted prior to the crisis, although this burden was often exaggerated by those who focused on debt rather than interest burdens. We have been in a period of extraordinarily low interest rates, so it is not surprising that many businesses would take on a large amount of debt, since more debt can be serviced at a lower interest rate.

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