Global economy can shake off pandemic in 2021, say policymakers, industry leaders

Lagarde at the One Planet Summit on biodiversity, part of World Nature Day in Paris on Monday. – POOL/REUTERSPIXVaccines and fresh economic stimulus promised by US President-elect Joe Biden will give the global economy a chance to put the coronavirus pandemic behind it in 2021, policymakers and industry leaders told the Reuters Next conference.

The fight against the pandemic, which has claimed 1.9 million lives globally, has now entered a critical stage as countries around the world roll out vaccination campaigns aimed at immunizing large sections of their populations by year-end. He compared the present moment to the D-Day landings of 1944 which ultimately hastened the victory of allied forces over Nazi Germany and the end of World War Two.

"Some of the uncertainties we had on the horizon that made us look at the future with a dark cloud over our heads, some of that has been cleared," Lagarde told the conference.

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