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Most economists agree that the pandemic will deliver a lasting blow to output and the global economy will be substantially smaller by the end of this decade than would otherwise have been the case. However, we suspect that some of this pessimism about the long term is not only overdone, it misses the point.

The special series of research below, produced by economists from across our services, includes recordings of a seven-part series of webinars and formed the basis of our 2020 annual conference.