Banks and rich nations must extend hand to those battling Covid

Analysis: social unrest is around the corner without further support such as vaccine waivers and debt relief

Britain's recovery from the pandemic is slowing. So is the bounceback in Europe and the US, where the Biden administration is trying to piece together another major stimulus package to bridge the gap between pre- and post-pandemic job markets.

But the loss of momentum across the G7 is small and governments can afford to offset a spike in fuel prices that will dent business profits and household incomes over the winter months, says the International Monetary Fund.