Managing divergent recoveries
Recoveries from the Covid-19 crisis are diverging dangerously across and within countries, as economies with slower vaccine rollout, more limited policy support and more reliance on tourism do less well. This column, originally published on the International Monetary Fund (IMF) blog, concludes that without multilateral efforts to give all people a fair shot, cross-country gaps in living standards could widen significantly and decades-long progress in global poverty reduction could reverse.