AIPPI: The COVID-19 pandemic: pressures on IP

The scourge of COVID-19 has expressed itself in loss of life and economic activity. The pandemic has claimed over three million deaths globally. Major economies have lost between 2.9 and 4.5% of gross domestic product (GDP) during 2020, while developing countries have suffered nearly 9% reduction of GDP during the first year of the pandemic (Statista, April 16, 2021). The response has led to extensive public-private efforts to address these twin challenges.