Even though some sectors continue to suffer from the scarring effects of the pandemic, the global economy is faring better than many had feared. Not only has economic activity rebounded enthusiastically on partial reopenings last autumn, but the second wave of the virus has taken less of a toll on activity than the first, as people and businesses have adapted to life in a COVID-19 world. While it will still be a long way back, the recovery is exceeding expectations. We look at where things stand for key regions as they reset growth.