Most economies not to return to pre-pandemic activity levels until 2022: Moody's

Most economies not to return to pre-pandemic activity levels until 2022: Moody's

The Hindu

Moody's Investors Service on Thursday said the credit downturn arising out of COVID-19 will be short-lived but most economies will not return to pre-pandemic activity levels until 2022. In the year since the World Health Organisation (WHO) declared COVID-19 a pandemic on March 11, 2020, the virus has disrupted the global economy and triggered a credit downturn accompanied by a spike in bond defaults.
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