Economics
World Economy Teeters Near New Slump, Defying Vaccine Optimism
- IMF, G-20 leaders say the global recovery is stalling
- Vaccines aren’t expected to be circulated worldwide for months
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The surging coronavirus is stoking fears of a fresh downturn for the world economy, heaping pressure on central banks and governments to lay aside other concerns and do more to spur demand.
Hopes are mounting that Covid-19 vaccines will become available as soon as December, but widespread delivery will take months and infections are rising again in many large economies. Authorities are responding with more restrictions to limit the virus’s spread at the price of weaker economic activity.