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Global economic recovery from pandemic to take at least two years: Athens forum
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Global economic recovery from pandemic to take at least two years: Athens forum Xinhua | Updated: 2021-05-14 09:36
ATHENS The global economic recovery from the COVID-19 pandemic will take at least two years, officials and experts told an economic forum held in Athens and online. Recovery will take time. Economy cannot start simply by pressing a button. It will take two years, British-Cypriot Nobel laureate economist Christopher Pissarides said on Thursday while addressing the Delphi Economic Forum VI. We will return to a kind of normalcy in 2024 at the latest, Gunther Oettinger, former European Commissioner for Budget and Human Resources, said.
Source: Socialist Republic of Vietnam
“Recovery will take time. Economy cannot start simply by pressing a button. It will take two years,” British-Cypriot Nobel laureate economist Christopher Pissarides said on Thursday while addressing the Delphi Economic Forum VI.
“We will return to a kind of normalcy in 2024 at the latest,” Gunther Oettinger, former European Commissioner for Budget and Human Resources, said.
Compared to the financial crisis which broke out in 2008, this time recovery will be faster, but it will be nothing like turning on a switch, said Barry Eichengreen, a professor of economics and political science at the University of California, Berkeley.
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