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What are the implications of the current pandemic on the global economy?
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The current pandemic has had a drastic impact on the global economy. Economies around the world have been affected, with many countries experiencing decreases in their GDP, increasing levels of unemployment, and the devaluation of currencies. Businesses worldwide have suffered greatly due to the pandemic, with many businesses closing down and others having to drastically reduce their operations. Governments and financial institutions around the world have implemented policies to mitigate the effect of the pandemic on the global economy, with the aim of reducing its impact. However, the long-term implications of the pandemic remain uncertain, with many experts predicting continued economic disruption for some time to come.