Mitigram's CEO, Milena Torciano interviews Global Head of Country Risk, HSBC, Victoire De Groote on the impact of the crisis on world trade :  - Will it last?  - Is this the end of globalization?   - Can Emerging Markets benefit  of the current changes?  More information about Mitigram on mitigram.com  Timeline of the podcast: 0:34 - Q: Is COVID a one-off shock or the impact of the pandemic is here to stay? 1:25 - The reasons why is this crisis unique. 1:56 - Manufacturing production slow-down in pre-pandemic. 2:45 - "Surprise index" and recovery alphabet. 4:05 - Q: Have we seen the worst in the market indicators yet? 4:50 - Unemployment expectations. 5:30 - Drop in retail sales. 5:50 - Q: Are we at the beginning of the end of globalisation? 6:30 - How globalisation will be impacted moving forward. 7:22 - Q: What is the impact of geo-political tension? 7:44 - The future of US - China trade wars. 8:52 - The Brexit scenarios. 9:28 - The role of oil supply and price. 9:50 - Q: Who are the winners and losers of this crisis? 10:33 - The countries benefitting from the change in structure of trades. 11:28 - Sectors and industries affected both positively and negatively. 12:01 - Q: What are the long term expected effects of the crisis? 12:40 - The role of banks and financial institutions in the solution of the crisis. 13:50 - The need for process automation, options and digital relationship between corporates and financial counter-parties.