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Pundits expect 'swoosh-shaped' recovery for global economy amid prolonged pandemic: WSJ

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WSJ "V자형 경제회복? U자형도 어렵다"... 나이키형 무게

Despite the prolonged COVID-19 pandemic,... many pundits expect a "swoosh-shaped" recovery for the global economy.
Named after the Nike logo,... the shape depicts a large drop followed by a painfully slow recovery.
According to the Wall Street Journal Monday,... the economies of many Western countries, including the U.S. and those in Europe,... will not be able to bounce back to 2019 levels of output until late next year,... or even after that.
The grim outlook reflects the depth of contraction recorded in the spring,... as well as soaring unemployment rates.
The possibility of a second wave of COVID-19 in the fall or winter has prompted some analysts to warn of more potential setbacks as well.

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