UK – Global economy recovery still uncertain

UK – Global economy recovery still uncertain

A shopper, wearing a facemask to combat the spread of COVID-19, passes a 'closing down sale' sign as she walks along Oxford Street in London on Tuesday (AFP photo) PARIS — The world economy woke up from its pandemic-induced coma in 2021, but between the Omicron variant causing renewed disruptions and persistent inflation pushing central banks to pump the brakes, the outlook is uncertain. Here is a look at the state of the global economy: Countries have posted impressive growth figures as they clawed their way out of the depths of the 2020 COVID-induced recession, but some are faring better than others as wealthier countries have had better access to vaccines. The United States has overcome its worst downturn since the Great Depression while the eurozone's economy could return to pre-pandemic levels by the end of the year. But the rapid spread of the Omicron variant has prompted many countries to reimpose restrictions that are likely to hurt the travel and leisure sectors first and foremost. With a single-digit vaccination rate, the economy of sub-Saharan Africa will grow at a slower click, according to the International Monetary Fund (IMF). Most emerging and developing countries should remain far behind their pre-pandemic