An international economist said that it may take five years for the global economy to recover from the crisis caused by the Corona pandemic.
According to Reuters, Carmen Reinhart, World Bank chief economist, said in a remote intervention during a conference in Madrid that there will likely be a speedy recovery due to the lifting of all restrictions. Associated with the general isolation measures, but a full recovery will take up to five years.
She added that the stagnation caused by the pandemic will last longer in countries than others and will result in an imbalance in equality, given that the poorest countries will be affected more than the rich.
She said that for the first time in twenty years, global poverty rates will increase after the crisis.
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