Second wave ‘risks double-dip recession’

Local lockdowns have put the brakes on recoveries in Covid-hit areas, the latest data is signalling, prompting warnings from economists that a second wave risks causing a double-dip downturn. Live economic signals tracking movement and spending indicate activity in certain cities has been dampened by new restrictions to tackle outbreaks. Economists said there was now a “significant risk” of a W-shaped recovery, or double-dip recession, as a second wave threatened to combine with moun