Friday, January 01 2021

The Covid-19 pandemic has sent the global economy into one of its worst recessions ever, and it isn’t yet clear when a full recovery will occur. Recent progress on coronavirus vaccines has brightened the economic outlook, but some economists said a potentially slow rollout of vaccines across developing economies could hamper the return of activity to pre-pandemic levels. Even among advanced economies, renewed lockdowns in Europe to stave off resurgent infections could push back economic recovery.“The vaccine discovery is a shot in the arm, but not until 2022,” Citi economists said. Still, there will be “clear improvement” in the global economy in 2021, partly because “it’s not hard to be better than 2020,” they said.

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