Receive our newsletter – data, insights and analysis delivered to you

Economic recovery following Covid-19 may be more sluggish than initially predicted

By Paul Dennis

27 May

The global economy is expected to face a prolonged downturn due to the Covid-19 pandemic.

Many have predicted a U-shaped recovery as countries slowly ease restrictions. However, as the threat of a second wave of infections looms, the recovery may be more L-shaped with a sluggish recovery ahead.

Nouriel Roubini, Professor at Stern School NYU, shared an article containing his views on the damage caused by the Covid-19 pandemic.

He noted that the economic recovery will not be U-shaped as claimed by many economists but rather L-shaped resembling a greater depression.

Roubini noted that an L-shaped recovery means the economy will contract sharply and stay there for an extended period of time.

Content from our partners
“Everything is custom”: Behind the scenes of medical wire solutions
The added value of Qarad’s multilingual freephone service to their eIFU solution
Small and simple: how medical device manufacturers select materials

Read more

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The medical device industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU