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The World Bank: It may take five years for the global economy to recover from the Corona pandemic

2020-09-17T11:37:57.338Z


Madrid-SANA, World Bank chief economist Carmen Reinhart, announced that the global economy has recovered from the


Madrid-Sana

The World Bank's chief economist, Carmen Reinhart, announced that it may take five years for the global economy to recover from the crisis caused by the Corona pandemic.

Reuters quoted Reinhart as saying during a conference in Madrid today: "There will likely be a rapid recovery due to the lifting of all restrictions associated with the general isolation measures, but a full recovery will take up to five years."

"The recession resulting from the pandemic will last longer in countries than others and will result in an imbalance in equality, given that the poorest countries will be affected more than the rich," she added, noting that for the first time in twenty years, global poverty rates will increase after the crisis.

The data indicate that the global economy has entered during the past months a state of contraction due to the repercussions of the Corona pandemic, which experts fear will extend its effects for a relatively long period.

Source: sena

All business articles on 2020-09-17

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