In its latest World Economic Outlook, the IMF calls what is now happening, the “Great Lockdown”. I prefer the “Great Shutdown”: this phrase captures the reality that the global economy would be collapsing even if policymakers were not imposing lockdowns and might stay in collapse after lockdowns end. Yet, whatever we call it, this is clear: it is much the biggest crisis the world has confronted since the second world war and the biggest economic disaster since the Depression of the 1930s. The world has come into this moment with divisions among its great powers and incompetence at the highest levels of government of terrifying proportions. We will pass through this, but into what?
在最新的《世界經濟展望》(World Economic Outlook)中，國際貨幣基金組織(IMF)將現在發生的事情稱爲「大封鎖」(Great Lockdown)。我更喜歡「大關閉」(Great Shutdown)一詞：它突顯出這樣一個現實，即哪怕政策制定者沒有實施封鎖，全球經濟同樣會崩潰，而且在封鎖結束後可能還會繼續崩潰。然而，不管我們怎麼稱呼它，有一點很清楚：這是二戰以來世介面臨的最大危機，也是20世紀30年代經濟大蕭條以來最大的經濟災難。這一時刻到來的時候，世界各大國間正處於分歧之中，政府最高層的無能到了極爲可怕的地步。眼下這一切終會過去，但之後的世界會是什麼樣子？