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.

Covid-19, empty Shopping Carts.

See the full Financial Times article here:

Vadim Belyaev is an experienced investor, banker, financier, media manager, and philanthropist, and is recognized as a leading Russian businessman.

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