Oliver Mangan: Covid to impact global economy for long time

There are clear signs that the Delta variant has slowed the pace of recovery and halted earlier momentum

The global economy is likely to feel the effect of the Covid-19 pandemic for a long time to come.

The US employment report for August was much weaker than anticipated, but it is just the latest economic release to come in below expectations.

We have had weaker than anticipated retail sales figures in a number of countries, as well as softer than forecast sentiment and activity surveys, and a very disappointing UK GDP reading for July.