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Many middle-income states face a fragile recovery

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INT

The G20 summit pledged vaccine equity to help low-and-middle-income nations, but not broader economic commitments

Risks and opportunities 2021: Global economy

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INTERNATIONAL

Economic and health policies are key to the West and many developing nations emerging swiftly from double-dip recession

Demography and past austerity raise the COVID-19 risks

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INT

COVID-19 particularly threatens the elderly; ageing populations and years of post-crisis austerity leave nations at risk

Taxing capital over income and spending needs momentum

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INT

Wealth is more unequal than income; tackling property prices and tax is more crucial for some nations than others

The looming pensions crisis requires policy attention

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INT

Straining pension systems, 25% of people in high-income nations will be aged 65 or more by 2040, twice the share in 2000

Non-financial risks may spur the next financial crisis

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INTERNATIONAL

Asking 13,000 business leaders their top risks to doing business shows that non-financial fears are rising in importance

Worker shortages and skills mismatches will hit growth

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INT

High youth unemployment and rising worker retirements are straining labour markets and productivity

Weak long-run growth raises risks to the world economy

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INTERNATIONAL

Global GDP will grow by less this decade than the past unless there is a surprise uptick in productivity

Trade performance will be key to the recovery of GDP

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INT

GDP contracted across the world in the second quarter and the shape and size of recession varied widely by region

The pandemic has worsened global cooperation prospects

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INT

Economic stagnation and employment or livelihood crises are most feared by executives surveyed worldwide