K-shaped recovery complicates world economy amid pandemic

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

20210116 chart

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

KAZUYA MANABE and YOICHIRO HIROI, Nikkei staff writers

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

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