Covid-19 has served as a reminder that we live in a closely interdependent world that brings opportunities but also carries dangers. It has, just as importantly, shed light on a whole series of pre-existing conditions - from heightened inequality, to unsustainable debt and rampant environmental destruction - that were left unaddressed after the Global Financial Crisis. The world at the end of 2019 was, in truth, a good deal more fragile than many were willing to acknowledge. As a result, Covid-19 obliges us to think carefully about what makes for healthy and resilient communities, at the global level as much as the local level and take to heart the lessons we have learned in the last decade. Chapter 1. Trends and challenges in the global economy -- Chapter 2. Global demand and growth dilemmas after COVID-19 -- Chapter 3. Recovering better : the inequality challenge in a fractured economy -- Chapter 4. Recovering better : expanding the space for fiscal policy -- Chapter 5. Recovering better : rethinking multilateralism.