A brutal contraction in Singapore and a feeble recovery in the U.K. give an early look at the tough climb facing the world economy
Early data from Europe and Asia suggest the recovery from the economic crisis precipitated by the coronavirus pandemic could take longer than originally hoped, with countries facing a long slog to recover lost jobs and income.
The U.K. economy expanded just 1.8% in May compared with April, a month that saw the country’s deepest contraction on record, according to figures published Tuesday. The rebound was feebler than economists had predicted and output in Britain remains around a quarter below the level it had reached in...
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