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Global economic recovery will be stronger than expected

Asia Analytica
Asia Analytica • 7 min read
Global economic recovery will be stronger than expected
Amid all the grim Covid-19 headlines, stock prices have continued to move higher.
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The world is still in the middle of a pandemic. Daily news headlines are grim. Globally, the resurgence is widespread with many countries now reporting record-high numbers of new Covid-19 cases.

Across Europe, including in France, Germany and the UK, governments have tightened lockdown measures, although they are less draconian than those imposed during the initial wave. Even in the US, some states are enacting stricter mask mandates, gathering restrictions and stay-at-home advisories — contradictory to the stance embraced by the outgoing Trump administration. Back home, in Malaysia, most states are now under a renewed Conditional Movement Control Order.

All of the above makes for worrying headlines, especially in the northern hemisphere, where hospitalisations are rising rapidly heading into the cold winter months. Pandemic fatigue is real — and it is contributing to the surge in infections.

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