Atlantic Council Strategy Paper Series
Jul 7, 2020
Scenario 1: Great accelerator downwards
By
Mathew Burrows, Peter Engelke
In the gloomiest of three post-COVID-19 scenarios, the United States, Europe, and China all struggle to recover despite major fiscal and monetary efforts. A global depression unlike anything seen since the 1930s grips the world as countries embrace isolationism and open conflict looms between the US and a China-Russia alliance.