The economic crisis is the decisive crisis of this era.

Once the global economy falls into the era of the Great Depression, the development process of global society will be completely disrupted and even reverse.

Therefore, every country is trying to avoid an economic crisis and has introduced a series of policies to allow the country's economy to continue to develop. If there is no way to maintain economic development, the world economy will be in a serious situation.

Note: In 2022, the world will still be severely affected by the epidemic. More and more countries are beginning to break their defenses, and the epidemic will rebound significantly again.

According to the International Monetary Fund, the economies of developed countries lost 5.8% in 2020.

Among them, Spain lost 12.8%, Italy lost 10.6%, France lost 9.8%, the United States lost 4.3%, and the euro zone economy lost 8.3%.

World economic losses totaled $3.6 trillion in 2020.

Equivalent to the annual GDP of France and Spain combined, the global recession is the worst since the crisis of the early 1930s.

To overcome the crisis, central banks have injected at least $10 trillion into the economy.

Unfortunately, at some point, almost all the output from the central bank's printing press ended up going to the stock market and inflating the bubble.

Global stock market capitalization has increased by $30 trillion since March 2020, approaching the $100 trillion mark.

The funds provided to rescue the economy did not flow into the real economy at all, and did not have the expected effect. Otherwise, it would not have caused further economic recession in Western countries.