It's a huge macroeconomics issue. I don't think very many researchers have the recipe for it today. Just look at Canada's economic statement announced yesterday.
We're still operating on hypotheses and have very few reliable data about what the planet will look like in six months. So very humbly, it's very difficult for me to tell you where we we'll be in five years.
One thing is certain, and that is that the context is globalization, in which economies are closely bound together. All of Canada's provinces, north, south, east and west, are linked in value, supply and export chains. These days, we know full well that if one region of the world is suffering, the rest of the world will have problems. I believe that's the big lesson we've learned from globalization. On the other hand, when all is going well, it's going well everywhere
If we fail to take rapid and strong action right now, the long- term impacts of the pandemic will pull us all into a serious maelstrom. I believe that it's going to be very difficult to envisage, whether in terms of mortality, violence against women, major economic issues, possible wars or displaced populations.
Remember that only nine months ago, the most urgent matter was climate. It's still there. We musn't forget that our planetary challenges will overlap.
The crisis created by the pandemic needs to be resolved quickly. The short-term vision of a balanced economy can't be allowed to reduce international aid. At the very least, it's essential for humanitarian and development aid to be maintained. That's a given.
Unfortunately, I would not feel comfortable about speculating. There's not enough information available at the moment.