A divergent economic recovery from the crisis created by the pandemic risks deepening global divisions at a time when societies and the international community urgently need to collaborate to check COVID-19, heal its scars and address compounding global risks. In some societies, rapid progress on vaccination, leaps forward on digitalization and a return to pre-pandemic growth rates herald better prospects for 2022 and beyond. Others could be weighed down for years by struggles to apply even initial vaccine doses, combat digital divides and find new sources of economic growth. Widening disparities within and between countries will not only make it more difficult to control COVID-19 and its variants, but will also risk stalling, if not reversing, joint action against shared threats that the world cannot afford to overlook.

The coworking industry has witnessed significant growth before the outbreak of the virus that has hampered the operations globally, but COVID 19 is seen as another driving factor for the coworking market During the period 2016 2019 the coworking industry has experienced strong double digit growth, with 12 17 rise in the number of members joining coworking spaces year on year The trend of start ups was a major contributing factor before the virus outburst China being largest populated and strong economy driven country has seen more than six million start ups registered in 2017 and in terms of revenue the Coworking market in China reached to RMB 5 47 billion Home grown technology companies are fueling the coworking demand in China, by 2018 there were around 120 homegrown unicorns that accounted for 50 of the global number However, due to economy slowdown in 2019 according to a report by the China Real Estate Chamber of Commerce ( in first 10 months almost 40 coworking hubs were closed down

We entered 2022 with high rates of inflation in the United States and Europe, continuing disruption of global supply chains, a shortage of labor in key markets, and a reversal of monetary policy in the United States and Europe. December 2021 and January 2022 experienced the worst outbreak of coronavirus infections, with the omicron variant, since the start of the pandemic. And yet retailers have reasons for optimism. Supply chain disruption is likely to abate. Inflation is likely to recede. Major economies are likely to grow at a healthy pace in 2022, especially as many consumers are flush with cash. And, despite political tensions between major countries, trade and cross-border investment continues apace, thereby allowing global retailers to enjoy the fruits of globalization.