Global Retail Banking 2021 The Front-to-Back Digital ...
GDP follows an elongated L trajectory, with high or rising unemployment rates over multiple years. GDP does not return to 2019 levels until 2024. Global trade takes a struc-tural hit, and geopolitical tensions rise. Consumer confi-dence declines in the face of repeated lockdowns. Corpo-rate and retail lenders experience large-scale loan losses. ................
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