Most economies won’t return to pre-pandemic levels until 2022, says Moody’s Report

Although businesses and economic activities around the world have resumed post the pandemic-related lockdowns, most countries are unlikely to return to their pre-pandemic activity levels until 2022, a report by Moody's Investors Service said. As per the report, a slow and bumpy global recovery is expected. It, however, added that uncertainty around the macroeconomic outlook remains much higher than usual.