A dark winter before a vaccine spring

The global economic momentum is waning as new Covid-19 cases surge in the US and Europe. PHOTO: EPA-EFE
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SINGAPORE - For investors contemplating the latest bullish rally in equity markets, it must feel strange that the global economy is getting weaker, not stronger, as we head into the year end.

As new Covid-19 cases surge in the United States and Europe, the global economic momentum is waning. The situation is exacerbated by inadequate fiscal support in the US.

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