Home » Markets » GM's Mary Barra sees 'relatively short-lived' coronavirus recession, with recovery by early 2021
GM's Mary Barra sees 'relatively short-lived' coronavirus recession, with recovery by early 2021
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General Motors CEO Mary Barra said she sees a "relatively short-lived recession" due to the coronavirus pandemic with a recovery by early 2021 during an interview with The Associated Press published Sunday.
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"We are seeing a recovery," Barra said. "We think it's going to be a relatively short-lived recession. But we have a long way to go because we went to a pretty low base."
"The new outbreaks do pose potential setbacks, but we're hopeful that the U.S. economy will be back to 90% of pre-pandemic levels early next year," she continued. "There's a lot of uncertainty."