Their prediction comes as global economies have been crumbling from the lockdowns, movement control restrictions and disrupted global supply chains that have resulted from the health measures aimed at combatting the spread of the coronavirus.
(May 18): A recovery in global output to pre-pandemic levels is likely to take two to three years, observe IHS Markit economists Nariman Behravesh and Sara Johnson.
“The fastest we can expect output in key economies to return to pre-pandemic levels is early 2022. The exception is China where the infections occurred earlier and recovery is now underway. In many economies, the recovery could be even more prolonged,” they add.
