It Will Take 3 Years for the Global Economy to Recover—if Everything Goes Right

As investors’ attention turns to recovery from reopening, some economists are warning that it may take up to three years for the global economy to get back to pre-pandemic levels—and that’s if everything goes right.

In a report Monday, IHS Markit predicted it will take two to three years for a full worldwide recovery. That’s as gross domestic product in China dropped at a record annualized pace of 33.8% in the first quarter, and as the U.S. is on track to record a second-quarter annualized contraction of around 40%.

Lisa Beilfuss | Barron’s

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