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During the current crisis caused by the coronavirus pandemic, economists are hoping for a V-shaped recovery.

During the current crisis caused by the coronavirus pandemic, economists are hoping for a V-shaped recovery.

29 July 2020

In an effort to keep the spread of COVID-19 under control, countries around the world have taken decisive action, leading to a sudden drop in economic activity. However, since the current crisis is triggered by an external shock, many investors hope that when the outbreak is under control or a vaccine is released, the recovery will be as fast as the recession itself.

World Bank experts cautiously echoed such hopes in their Global Economic Outlook report, suggesting that global economic growth will recover to 4.2% in 2021.

V. Vuldorfs, a trader with many years of experience, commented: “The number of unemployed is growing, consumption is falling, household income is decreasing. Whether we like it or not, everything is heading towards collapse and printing money will not fix the situation. “

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29 July 2020
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