Global economic growth was 8% year-on-year before the global financial crisis of 2008. After the crisis ended, global economic growth also slowed sharply to 3% in 2018 and 2.6% in 2019.The Brexit, trade war, problems in the Middle East and Africa have caused global economic order to lose momentum and become less volatile. Suddenly, the Corona crisis could exacerbate the nationalist movement and lead to global economic stagnation and rapid shutdown.
Global economic crisis will be worse than the 2008 global financial crisis tenfold. This globalization is mainly related to the Emerging Multi-nationalism, The Sustainable Development, Geopolitics, Global Supply Chains and Transportation, Global Risk, The Banking and Capital Markets, Corporate Governance, Geo-Economics, International Trade and Investment, advanced manufacturing and productions, Sino-US relation. We need to make these factors become better in order to restore global economy.