G-20 Says Global Recovery Subject to ‘Elevated Downside Risks’

The world’s richest economies are set to warn that there’s still a big risk the recovery from this year’s virus-led recession could be derailed.

New restrictions in multiple countries to contain the pandemic have hit economic activity, and forced governments and central banks to step up stimulus again. While the curbs are less severe than during the initial wave, they increase the chance of some economies being dragged back into recession.