The global recession isn’t as deep as expected. New outbreaks could change that.
New data show that countries imposing fresh lockdowns to combat a coronavirus resurgence take bigger economic hits.
The global economy has been rebounding faster from coronavirus lockdowns than expected just a few months ago, as actions by governments and central banks to support businesses and households have helped prevent a more dire downturn, the Organization for Economic Cooperation and Development said in a new report Wednesday.
But the recovery already appears to be losing som...