Global Recovery May Take 5 Years: World Bank Chief Economist

The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank's chief economist, Carmen Reinhart, said in Madrid on Thursday.

Last month, the World Bank had said India needs to continue with reforms to reverse the economic slowdown and put its economy back on a sound footing towards a 7 per cent-plus growth path, exuding confidence that the ongoing economic slowdown can open new opportunities for the country.