News Snapshot:
The U.S. economy could take until 2024 to recover to pre-pandemic levels, the institute said. In contrast, China’s economy has rebounded from the virus and is the only large economy forecast to recover in 2020. This could give it an advantage against neighbors over the next decade. China stayed firmly in second place for the third year running, despite seeing a “notable fall†in diplomatic clout after facing accusations of withholding information about the severity of the Wuhan outbreak. Lemahieu also cited wolf warrior diplomacy — more aggressive rhetoric and actions from Beijing’s envoys — contributing to that drop. A...
