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"Pandemic Leaves Traces in a Vulnerable Global Economic Recovery"

  August 29, 2023 By: [Nely Nelson] NEW YORK - The global economic recovery post the COVID-19 pandemic is ongoing, but the aftermath of the crisis has underscored its vulnerabilities. While many countries have successfully navigated some of the challenges posed during the pandemic, signs of widening disparities and lingering risks are becoming evident in the long-term outlook. The global economic recovery has been gradual since the end of widespread lockdowns across various nations. Robust economic growth in certain regions has provided a positive impetus, yet the uneven growth among countries and sectors remains a prime concern. Nations heavily reliant on the tourism and entertainment industries continue to struggle for a full rebound, while the technology sector maintains its rapid expansion. One central issue being confronted is the rising inflation in many countries. While some inflation upticks may be transient due to pandemic-related supply and demand disruptions, concerns l...