Current leaders and laggards of a global post-pandemic recovery
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Nouriel Roubini
Some economies will see a revival but others risk slipping into a depression that could stir unrest and geopolitical instability
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After the most severe global recession in decades, private and official forecasters are increasingly optimistic that world output will recover strongly this year and thereafter. But the coming expansion will be unevenly distributed, both across and within economies. Whether the recovery is V-shaped (a strong return to above-potential growth), U-shaped (a more anaemic version of the V), or W-shaped (a double-dip recession) will depend on several factors across different economies and regions.