Periods of economic upheaval are always destabilizing and, as such, outcomes are uncertain. We are right now faced with a great danger and a great opportunity. The danger is that recovery efforts will favour those in positions of strength, reinforcing existing inequalities between and within countries. As this occurs, we will see existing disparities deepen, leading to social exclusion with grave social, economic and political repercussions. The opportunity is that leadership and bold policy action could reduce inequalities among countries and across gender lines.