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Global economic recovery may take five years, says World Bank Chief Economist

Global economic recovery may take five years, says World Bank Chief Economist

The World Bank’s Chief Economist Carmen Reinhart said on Thursday that the global economic recovery from the crisis originated by COVID-19 may take as much as five years. ’There will probably be a quick rebound as all the restriction measures linked to lockdowns are lifted, but a full recovery will take as much as five years’, Reinhart said.

Chris
Chris
Rof
Rof 0 months

How can the economy recover unless the world creates even more debt? Afterall, we're living in a debt based monetary system.

croissants
croissants 0 months

...longer. Stop watching the “news”.

Björn Westman
Björn Westman 0 months

If the world had more Donald Trumps and less government regulation in it, it would take 6 months.....

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