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Coronavirus: two-speed global recovery will prove a drag on China and other growth leaders

Despite all the terrible hardships suffered over the past year, the world economy is staging a remarkable comeback. But there is a big dividing line between countries that are transcending the pandemic and others that are still under pressure from new waves of infection. Global output should bounce back by 6 per cent this year after 2020’s 3.3 per cent contraction, according to the International Monetary Fund’s latest World Economic Outlook, but recovery is likely to be uneven in many parts of…

Read the original article at South China Morning Post

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