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K-shaped recovery complicates world economy amid pandemic

Chip and car industries heat up, while hotels and restaurants still suffer

It is increasingly becoming clear that the stock rallies caused by monetary easing are not reflecting the real economy. (Source photo by Reuters)

TOKYO -- The coronavirus pandemic is causing a "K-shaped recovery" around the world, characterized by some parts of the economy improving, while others languish.

The manufacturing industry, including semiconductors and automobiles, is rapidly recovering and even overheating, but the service industry, including travel and restaurants, is still suffering.

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