Tag: recovery

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. […]

BUSINESS

China Sees Economic Recovery

China’s economy is bouncing back and is described as a “V-shaped recovery,” — a quick and sustained recovery in measures of economic performance after a sharp economic decline. The world’s second-largest economy performed much better than analysts expected as reports show a rapid turnaround in the second quarter as coronavirus lockdowns were eased, allowing factories, shops, and restaurants to resume […]