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Global Economy Will ‘Inch Toward Normalcy’ in Two-to-Three-Year Recovery: IHS

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A recovery in worldwide economic output to pre-pandemic levels will likely take two to three years, IHS Markit economists said in their May “Global Economic Forecast.” The global economy is in the midst of the worst downturn since the 1930s, with China’s real gross domestic product (GDP), adjusted for inflation, falling at a record annual…

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