Coronavirus set to scar world economy for decades amid an uneven, unequal recovery, observers say

Just as some patients recovering from Covid-19 suffer long-lasting symptoms, it is becoming clear that the same will be true for the global economy once this year’s V-shaped rebound fades.While US$26 trillion worth of crisis support and the arrival of vaccines have fuelled a faster recovery than many anticipated, the legacies of stunted education, the destruction of jobs, war-era levels of debt and widening inequalities between races, genders, generations and geographies will leave lasting…

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