Priorities for the COVID-19 economy – ZAWYA

Priorities for the COVID-19 economy – ZAWYA

Priorities for the COVID-19 economy | ZAWYA MENA Edition HomeEconomyArticlePriorities for the COVID-19 economy The post-pandemic economy is likely to be anemic, not just in countries that have failed to manage the pandemic, but even in those that have acquitted themselves well    Digital generated image of financial line charts falling down because of coronavirus COVID-19 on blue background. Image used for illustrative purpose.NEW YORK - Although it seems like ancient history, it hasn't been that long since economies around the world began to close down in response to the COVID-19 pandemic. Early in the crisis, most people anticipated a quick V-shaped recovery, on the assumption that the economy merely needed a short timeout. After two months of tender loving care and heaps of money, it would pick up where it left off.It was an appealing idea. But now it is July, and a V-shaped recovery is probably a fantasy. The post-pandemic economy is likely to be anemic, not just in countries that have failed to manage the pandemic (namely, the United States), but even in those that have acquitted themselves well. The International Monetary Fund projects that by the end of 2021, the global economy will be barely larger