The post-Covid recovery has run out of steam. The latest update to the Brookings-Financial Times Tracking Indexes for the Global Economic Recovery (TIGER) shows that growth momentum, as well as financial market and confidence indicators, have deteriorated markedly around the world in recent months. And as the global economy stalls amid heightened uncertainty and rising risks, many countries are either in or on the brink of outright recession. Some wounds have been self-inflicted. Misguided policies like China’s zero-Covid strategy and the United Kingdom’s reckless “mini-budget” have made it harder for policymakers to respond to ongoing supply-chain disruptions and the protracted war in Ukra
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