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The global economy is facing a severe winter despite hopes for a Covid-19 vaccine



The prospect of coronavirus vaccines on the horizon has boosted hopes of ending the pandemic decline, but first the world economy may face a long and difficult winter.

Government restrictions and consumer fears of infection will continue to weigh on the global economy next year, although vaccine developments give hope for an end to the pandemic, the Organization for Economic Co-operation and Development said on Tuesday.

When …


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