Economists have priced-in a COVID-19 resurgence as nearly two-thirds of analysts - or 95 of 155 - who responded to an extra question said there was a high risk that another wave of infections derails the global economy, including eight who said that risk was very high. “It is difficult to overstate the importance of the coming months for the global economy and public health. As vaccine rollouts begin the world over, we are racing against time to head off the impact of potentially more contagious strains of the coronavirus,” said Aditya Bhave, global economist at BofA. “The biggest downside risk to the global economy is that vaccines prove to be ineffective against the new mutations. The real worry in the near-term was emerging markets, which have carried global growth in recent years.

Source: bd News24 January 27, 2021 01:07 UTC