Economics

Charting the Global Economy: U.K. Has Most Ground to Make Up

A municipal worker cleans the street in the Soho district of London, U.K., on Thursday, Nov. 5, 2020. The Bank of England boosted its bond-buying program by a bigger-than-expected 150 billion pounds ($195 billion) in another round of stimulus to help the economy through a second wave of coronavirus restrictions.Photographer: Chris Ratcliffe/Bloomberg

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By Zoe Schneeweiss and Vince Golle

November 13, 2020 at 6:00 PM UTC

This article is for subscribers only.

The U.K. may have posted its sharpest-ever economic rebound in the third quarter, but its recovery is trailing well behind rest of the world’s industrialized nations.

The coronavirus is also sapping demand for temporary workers in Europe and squelching consumer sentiment in the U.S. While economists’ forecasts show a less severe recession in Japan, this year’s downturns in the Philippines, Malaysia and Indonesia are deepening.