IMF warns of slowing momentum in recovery where pandemic is resurging

The global economy is recovering from the steep decline it has suffered due to the coronavirus pandemic, but there are signs of slowing momentum in economies where the epidemic is resurging, the International Monetary Fund said Thursday.”For many economies — including the United States, Japan, and the euro area — economic activity in the third quarter turned out stronger than expected,” IMF chief Kristalina Georgieva said in a message ahead of a virtual two-day meeting of the Group of 20 leaders from Saturday, while also hailing recent significant progress on coronavirus vaccine development….

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HEDGE accordingly