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The global economic recovery will take at least five years, World Bank’s Reinhart says

'Everything depends' on when a vaccine gets approved and how long it takes to be given to people

The global economic recovery from the recession created by the Covid-19 pandemic will probably take at least five years, according to the chief economist of the World Bank.

“We have seen [economic] collapses that are very much outside of the norm,” Carmen Reinhart said, speaking at the virtual Foro Tendencias 2021, hosted by Spanish daily El Pais, on 17 September.

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