Global economic recovery from Covid pandemic is fragile and patchy.
With a second wave of coronavirus undermining efforts to return to normal, businesses’, households’ and investors’ confidence shaken and little scope for additional monetary policy stimulus, most countries have a long way to go before output reaches pre-pandemic levels.
On eve of IMF and World Bank meetings,The Financial Times looks at the economic effects of the first lock-down, in the shadow of the threat of another, certainly in certain regions around the world.
