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Bosses believe recovery to last into 2021: survey

Over half of global executives expect the post-coronavirus economic recovery to extend into next year.

This is according to the EY Global Capital Confidence Barometer from global consulting group EY.

The paper surveyed more than 2,900 C-Suite executives around the world last month.

The majority of respondents expect a 'U' shaped recovery period of slower economic activity extending into 2021, the report found.

Meanwhile, 38% see a 'V' shaped recovery and a return to normal economic activity in the third quarter of this year.

Just 8% of those surveyed think there will be a sustained period of recession until economic activity returns in 2022. Almost three in four respondents expect the coronavirus to have a severe impact on the global economy in the form of supply chain disruption.

Belfast Telegraph