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Virus Surge Jolts Prospects for World Economy

  • Easing of virus lockdowns had spurred a rebound in activity
  • But without a vaccine, consumers are set to remain nervous
Bloomberg business news
Citigroup says 60% of the world won’t see pre-Covid GDP levels by 2022.Source: Bloomberg

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The global economy’s fragile recovery is facing a fresh hurdle as a surge in coronavirus cases threatens to keep businesses closed and consumers on edge.