16 June
The number of Covid-19 cases continues to increase across the world particularly in developing and emerging nations and fresh outbreak being reported in China.
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Some countries, however, have started reopening their economies and easing lockdown restrictions increasing the possibility of a V-shaped recovery.
John Ashcroft, an economist, shared an article on Morgan Stanley’s projections that the global economy is headed for a V-shaped recovery.
The article notes that the global economy will return to pre-crisis levels by the fourth quarter of 2020.
The predictions are based on the latest economic data in addition to policy actions taken by various governments.
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By GlobalDataMorgan Stanley predicts that the recession will be sharp but short although uncertainty still remains around this outlook.
