Delta Set to Slow but Not Derail Global Economic Recovery

The fast-spreading Delta variant of Covid-19 has slowed the pace of the global economic recovery but won’t derail it, according to new forecasts released by the Organization for Economic Cooperation and Development.

In its latest quarterly report on the economic outlook published on Tuesday, the Paris-based research body lowered its growth forecasts for the global and U.S. economies in 2021, the first downgrade since December of last year, when new infections were surging.