Is digital piracy bad for the global economy?

Yes, But only if the digital content has just been made. If you for example download a video game or music when it is not available anymore or if it is say something like 2-4 years old, The profit has probaly already been made. Unless ofcourse it is like most games now early access which can be developed for years sometimes or if it is something like minecraft which is still worked upon, with setain updates. There should be "free for public" release dates.