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.