Time：2021-05-17
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Economic Recovery
The global economy has entered the most profound economic recession since the Great Depression, with the possibility of a financial crisis, with major implications for vulnerable population groups and households, some of which are already bordering on poverty. COVID-19 is wreaking havoc on already weak economies through containment measures put in place to control its spread. This unprecedented crisis requires unprecedented measures—a massive counter-cyclical fiscal and financial effort is urgently needed everywhere.
But now, according to the agency, over 60% of global companies’ quarterly net profits have recovered to the previous level.
