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Concerns abound as recovery of world economy runs out of steam

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Another virus wave and expiry of government support for furloughed workers are among risk factors

The world economy’s rebound from the depths of the coronavirus crisis is fading, setting up an uncertain finish to the year.

That sets up a delicate balancing act for governments. They’ve injected almost $20-trillion in fiscal and monetary support, in an effort to get the economy as far back to normal as is feasible in a pandemic, and can point to much successes. Already in September, some of the world’s best-known industrial brands have signalled job cuts are on the way.

 

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