WB: the economy will recover from the consequences pandemic 5 years

The global economy will recover from the spread coronavirus within 5 years, the vice president of the World Carmen Reinhart bank. Despite the fact that the rate of GDP growth may be fairly quick after the abolition of quarantine measures, complete recovery will take longer. It will not flow evenly, says Reinhart - in some countries, the crisis will last longer than others. In developed the greatest damage will be incurred by the needy category of citizens; the situation will develop like this on the scale of states - Poor countries will be hardest hit by the crisis. A downturn in the economy will provoke an increase in the level of poverty, which is not happened for 20 years, the vice-president of the World Bank notes. The pandemic has led to the exit of many companies from the market, a significant decrease in the number of visitors in shopping centers, loss of people of work. Financial support provided by central banks, is not able to completely neutralize the negative consequences, noted Reinhart.