Bank Pekao expects U-shaped economic recovery in Poland in 2021

The most likely scenario is a U-shaped rebound and a slow return to the world from before pandemic, according to the latest report from Bank Pekao, Poland’s second-largest bank and currently managed by the Polish government.

“Starting the economy will take time, and some types of activity and expenditure will normalize longer than others. The spectrum of recurrence of the epidemic will affect the decisions of companies, consumers and decision-makers. Therefore, the most likely scenario is a U-shaped boom and a slow return to the pre-pandemic world,” states the press release published on April 23.

The bank indicates that globally, a serious crisis in many sectors is almost certain. According to the analysis, as a result of a pandemic, the global economy in 2020 may be in the deepest recession since the Great Depression – a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.

(ISBnews)