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Delta surge means this is as good as it gets for global growth

Data over the past week captured a worldwide weakening as infections hit travel and spending and worsen supply bottlenecks that are dampening manufacturing and trade

Coronavirus, economy, growth
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Photo: Bloomberg

Enda Curran | Bloomberg
The pandemic’s summer resurgence is slowing the global economic recovery as the delta variant dogs efforts to rev up factories, offices and schools.
 
Instead of entering the final months of 2021 confident that the acute phase of the pandemic is over, it’s becoming clear that booster shots may be needed for fading vaccines, workplace re-openings will be delayed and border closures remain. 

Data over the past week captured a worldwide weakening as infections hit travel and spending and worsen supply bottlenecks that are dampening manufacturing and trade. Surging gas prices are also emerging as a threat. 

In the U.S., hiring sharply slowed