Global economy faces tough winter despite hopes of Covid-19 vaccine

The prospect of coronavirus vaccines on the horizon has heightened hopes of ending the pandemic-induced recession – but first, the global economy could face a long and difficult winter.

Government restrictions and consumer fear of infection will continue to weigh on the global economy for the next year, even as vaccine developments offer hope for an end to the pandemic, the pandemic said on Tuesday. Organisation for Economic Co-operation and Development.

When…