One Year After the Pandemic Struck, Global Economy About to Boom



Tim Smart | US News

AFTER SUFFERING THE worst downturn since World War II, the global economy is poised for a synchronized recovery the likes of which has not been seen since 2017.

Led by the United States, which is expected to see a rate of growth not experienced since the heydays of the mid-1980s, all regions of the world are projected to see significant improvements from the pandemic-driven dive they took in 2020.

“World economies rarely move in lockstep,” Morgan Stanley noted in its global economic forecast published in December. “In fact, a synchronous global recovery, where growth in both developed and emerging markets accelerate in the same year, has happened only a dozen times over the past 40 years – the last in 2017.”

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