Economics
Global Economy’s Recovery From Pandemic Seen Extending Past 2021
- WTO forecasts 9.2% decline in world merchandise trade in 2020
- IMF sees world output below pre-pandemic level in medium term
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Two custodians of the global economy signaled that while the early days of pandemic recovery were stronger than expected in some countries and industries, a return to full health is likely to be longer and bumpier than they first predicted.