The COVID-19 pandemic is the most serious global public health and socioeconomic crisis the world has faced in the past century, exacerbating pre-existing and systemic inequalities and threatening the long-term livelihoods and well-being of hundreds of millions, if not billions, of people. Recovery trends between advanced and developing economies are deeply uneven, spurred by vast differences in access to vaccines, the fiscal capacity and ability of governments to respond, supply chain failures, a growing digital divide, the impacts of the growing complexity of conflict and displacement, and the threat of a looming debt crisis. This two-track recovery is now creating a great divergence, which, if not corrected, will undermine trust and solidarity and fuel conflict and forced migration, and make the world more vulnerable to future crises, including climate change.
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