Business Standard

World's economic recovery gets delayed by slow Covid-19 vaccine rollouts

Double-dip recessions are now expected in Japan, the euro area and UK

uk, britain, lockdown coronavirus
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Record cases in the US are dragging on retail spending and hiring

Enda Curran | Bloomberg
The world economy is facing a tougher start to 2021 than expected as coronavirus infections surge and it takes time to roll out vaccinations.
 
While global growth is still on course to rebound from the recession of last year, it may take longer to ignite and not be as healthy as previously forecast. The World Bank already this month trimmed its prediction to 4 per cent in 2021 and the International Monetary Fund will this week update its own outlook.
 
Double-dip recessions are now expected in Japan, the euro area and UK as restrictions to curb the virus’s

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