Global economy to return to pre-pandemic levels in 3 years: World Bank

Global economy to return to pre-pandemic levels in 3 years: World Bank

World Bank President David Malpass has revealed that it will take two to three years for global economies to return to pre-pandemic levels.

This is likely to occur as many developing nations slowly climb out of the slump induced by the novel coronavirus (COVID-19), and with the help of vaccines.

During the Wall Street Journal's CEO Council Summit, held on Tuesday, Malpass added that the Chinese economy is in recovery, and that this recovery will have a number of benefits for its neighbours. In Southeast Asia, there has been more of a recovery underway that extends to Japan.