BUSINESS

Economist — Five Years At Least For Global Economic Recovery

Carmen Reinhart, World Bank Chief Economist, has said the global economic recovery from the recession created by the COVID-19 pandemic will probably take at least five years.

The economist, however, underscored the point that there will be rebounds.

However, she said the real recovery will have direct bearing on how long the average person rebounds in terms of their income.

She also said rebounds will depend on when economic activity becomes more normal again following government-imposed lockdowns.

Barbara Green, Readers Bureau, Contributor

Edited by Jesus Chan

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