Bloomberg predicts explosive growth of global economy after coronavirus crisis
Analysts at Bloomberg Economics have estimated the pace of the global economic recovery after the pandemic. Surprisingly, the results turned out to be quite impressive.
According to the report, under a positive scenario, global economic GDP may reach a record 6.9%. In general, the year 2021 is likely to be a turning point that will tip the balance from negative to positive. Advanced and developing countries will be actively restoring their economic capacities, trying to eliminate the negative consequences of the coronavirus pandemic in a short time. Nonetheless, the recovery is likely to be uneven. Experts at Bloomberg Economics are certain that revival still remains more lopsided.
For example, among the developed countries, the US will be the main engine for global economic growth, while in France, Germany, Italy, Great Britain, and Japan, there will be a further decline in economic indicators. As for developing countries, China will certainly be ahead of other economies on the path to recovery. At the same time, Brazil, India, and Russia will be lagging behind.
According to Bruce Kasman, the chief economist at JPMorgan Chase, the gap between some countries occurred due to the tightening of monetary policy by the central banks.