Economics

Flaring Virus Threatens World Economy’s Sputtering Recovery

Fresh outbreaks across Asia dash hopes of virus containment
Recovery rests on how quickly consumer confidence is restored

A pedestrian wearing a protective mask walks through a deserted precinct in Bonifacio Global City, Metro Manila, the Philippines, on July 27. — A pedestrian wearing a protective mask walks through a deserted precinct in Bonifacio Global City, Metro Manila, the Philippines, on July 27.
Photographer: Geric Cruz/Bloomberg

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By Enda Curran

July 28, 2020 at 7:57 AM UTC

Updated on

July 28, 2020 at 3:02 PM UTC

This article is for subscribers only.

The world economy’s fragile recovery is in danger of stalling.

A resurgence of coronavirus infections across the Asia-Pacific region, which was considered to have broadly curbed the virus more effectively than elsewhere, is being viewed as an early warning for the rest of the world.