Global economic rebound stricken by Covid-19 surge

European Central Bank president Christine Lagarde (pic) said the economic recovery is “losing momentum more rapidly than expected” after the partial rebound seen in the summer. She warned that the risks to Europe’s economies are “clearly tilted to the downside”.

THE recent resurgence of the Covid-19 infections has cast a new shadow over the global economy, with lockdown measures taking place.

In France, President Emmanuel Macron has declared a nationwide lockdown starting today. It comes just days after German Chancellor Angela Merkel announced a four-week shutdown of bars, restaurants and theatres.