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