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Money and Job Worries Pose Real Risk to Global Recovery

  • YouGov survey shows financial insecurity is a big concern
  • Consumers’ caution could hold back demand and growth
Australia's Second-Largest City Re-Enters 6-week Long Virus Lockdown
Photographer: Carla Gottgens/Bloomberg

The coronavirus pandemic is throwing the world into financial insecurity, posing a threat to the recession-hit global economy if it means consumers keep saving rather than spending.

A new YouGov survey across 26 countries shows consumers everywhere are concerned about their jobs and household budgets. They’re also cautious about spending or investing the money they do have.