Citi’s Mann: 60% of World Won’t See Pre-Covid GDP Levels by 2022

The transcript discusses the anticipated Q3 GDP recovery and its sustainability into Q4 and beyond. It highlights the importance of returning to pre-COVID GDP levels, which may not occur until 2022 for many countries. The conversation shifts to unemployment, noting that pre-COVID job levels are not expected soon. Consumer behavior is analyzed, with a focus on spending and saving trends, and the role of business norms in shaping economic recovery is explored.

What is the main focus when considering the state of the economy post-COVID?

• The number of countries with positive GDP

• The pre-COVID level of GDP

• The balance between Q2 and Q3 GDP

• The GDP growth rate in Asia

What is a significant challenge in returning to pre-COVID unemployment rates?

• Insufficient business investment and trade

• Increased government regulations

• High inflation rates

• Lack of consumer spending

How are consumers expected to behave in the post-COVID economy?

• They will focus only on essential goods

• They will spend cautiously due to fear and new norms

• They will save more and spend less

• They will immediately return to pre-COVID spending levels

What role do new business norms play in economic recovery?

• They influence employment and business investment

• They only affect consumer confidence

• They solely determine GDP growth

• They have no significant impact

Which sector is highlighted as a large part of GDP for some countries?

• Agriculture

• Leisure and hospitality

• Technology

• Manufacturing