Global Economic Recovery Post-Pandemic: An Overview

The global economy is currently facing unprecedented challenges due to the COVID-19 pandemic. Governments around the world have implemented strict measures to control the spread of the virus, resulting in a significant decline in economic activity. However, as countries start to reopen their economies, there is hope for a gradual recovery. The International Monetary Fund predicts that the global economy will contract by 4.9% in 2020 but is expected to grow by 5.4% in 2021. The recovery, however, will be uneven across countries and sectors. The pandemic has also accelerated the shift towards digitalization, which may have long-term implications for the global economy.