Covid-19 resurgence threatens vigorous global economic growth momentum

Emerging and developing economies accounted for two thirds of global growth before the pandemic and around 86% of the world's population

The renewed surge in Covid-19 infections is threatening to further divide the world economy between the rich and poor, potentially damaging overall global growth if the fresh outbreaks spread or if key sources of demand falter.

More people were diagnosed with Covid-19 last week than any other since the pandemic began. The World Health Organization this week warned that new infections are increasing everywhere except Europe, led by rocketing numbers in India with cases also rising in Argentina, Turkey and Brazil.

That’s casting a shadow over a previously vigorous global economic rebound given that failure to control the virus or