The economy may be stabilizing faster than expected amid the COVID-19 pandemic, but efforts to preserve it could tip off a financial crisis, economists said in a new report.
Deutsche Bank economists led by Peter Hooper, the bank's global head of economic research, said the global economic recovery"has proceeded significantly faster than we envisioned in the gloomy days of early May." They estimated that the world's economy has already recovered about half of the GDP it lost and that it would get back to pre-pandemic levels by the middle of 2021, which is a couple of quarters sooner than the bank's previous forecast.
Just open the damn economy back up!
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