Economics
The Global Economic Recovery Is Slowing From a Bounce to a Grind
- Last leg of comeback from pandemic slump may prove the hardest
- Risks include fading fiscal support and resurgence of virus
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The best is already over for a global economic recovery that started off at a sprint and is turning into a slog.
That’s the warning from Wall Street economists heading into the final months of a traumatic year. Some $20 trillion of stimulus from governments and central banks has pulled the world’s economies most of the way back to pre-pandemic levels. But for multiple reasons, the last stretch is set to be the hardest.