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

Lisa Beilfuss | Barron’s | May 18th, 2020
Category: Education

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%.

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