Morgan Stanley said in a report that the global economy will soon reach pre-Kovid levels. However, he also said that economic recovery will also depend on a number of important issues.
Morgan Stanley said in a report that the global economy is undergoing a new cycle
of expansion and will reach its level by the fourth quarter before the Corona period.
Chetan Ahaya, an economist from Modern Stanley, said, "We have more faith in a V-shaped economic recovery. We say this because the growth data in recent times have shown something similar. Necessary Decision have been taken on the policy front.
Predicting a sharp slowdown, he said that the global economy would remain at the level of 8.6 per cent for the second quarter on a year-on-year basis, and then reach 3 per cent in the first quarter of 2021. Report of Stanley said,
Corona and will depend on vaccine benefits of government decisions
That stated in the report stage of the government's actions will continue. Finance ministries and central banks all over the world are pouring enough money into their economies. The effect of their efforts depends on the condition of coronary virus infection in the coming days and how soon the vaccine is received.
In this report, Chetan wrote, 'We are assuming that the second wave of coronavirus will be around the time of autumn, i.e. From September to November. But it's going to be manageable. Lightweight lockdown may also occur at some locations. During this time, he also mentioned that the vaccine would be available by the summer of 2021.
However, he also said that if we look at the situation from another scenario, it could also happen that the epidemic would take a more dangerous form and that a situation of strict lock-down would arise. If this happens, there's going to be a big drop in the economy.
The uncertainty remains as to
Note that this estimate by Morgan Stanley is in contrast to other institutions and agencies, including the International Monetary Fund. He said last week that the global economy is recovering very slowly than expected, and there is great uncertainty about it.
He also said, however, that if we look at the situation from another scenario, it could also happen that the epidemic would take a more dangerous form and that a situation of strict lock-down would arise. If this happens, there's going to be a big drop in the economy.
In recent days, the rising case of coronary virus in Beijing has raised fears that the epidemic in China may once again take a frightening form. China is the second largest economy in the world, and recovery from growing cases may slow down further.
Chinese news agency Xinhua, in a recent report, quoted government officials as saying that there is a possibility for coronary virus cases to occur.
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