World Coronavirus Dispatch: Google to allow WFH for another year at least

Moderna, Pfizer start decisive vaccine trials, Tokyo confirms 270 new cases, Hong Kong may postpone legislative elections and other pandemic-related news across the globe

Global potential economic growth is set to drop in coming years due to fallout from the pandemic, amid a rise in unemployment and a cooling of investment by companies, according to Fitch Ratings. The 10 advanced countries covered in its Global Economic Outlook showed an average decline in annual potential gross domestic product growth of about 0.6 percentage point. US productive potential growth is revised down to 1.4 per cent from 19 per cent, the UK to 0.9 per cent from 1.6 per cent and the euro zone -- the weighted average of Germany, France, Italy and Spain -- to