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- The World Bank Global Economic Prospects Report shows that the global economy is expected to expand 5.6% in 2021, the fastest post-recession pace in 80 years.
www.worldbank.org/en/news/press-release/2021/06/08/world-bank-global-economic-prospects-2021
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Oct 12, 2021 · The global economy is projected to grow 5.9 percent in 2021 and 4.9 percent in 2022, 0.1 percentage point lower for 2021 than in the July forecast. The downward revision for 2021 reflects a downgrade for advanced economies—in part due to supply disruptions—and for low-income developing countries, largely due to worsening pandemic dynamics.
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Overall, the outlook's global growth projection for 2021 has...
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Jun 8, 2021 · The World Bank Global Economic Prospects Report shows that the global economy is expected to expand 5.6% in 2021, the fastest post-recession pace in 80 years. However, many emerging market and developing economies continue to struggle with the COVID-19 pandemic and its aftermath.
Jun 8, 2021 · The global economy is set to expand 5.6 percent in 2021—its strongest post-recession pace in 80 years. This recovery is uneven and largely reflects sharp rebounds in some major economies amid highly unequal vaccine access, with many poorer countries facing subdued prospects.
Jun 8, 2021 · Despite this year’s pickup, the level of global GDP in 2021 is expected to be 3.2% below pre-pandemic projections, and per capita GDP among many emerging market and developing economies is anticipated to remain below pre-COVID-19 peaks for an extended period.
Jan 7, 2021 · The global economy in aggregate should revert to its pre-crisis level of output by the end of 2021 and expand by around 5% in market exchange rates. Recovery will be uneven across sectors, countries and income levels and could be more bumpy than initially anticipated as COVID-19 mutates and evolves.
The forecast: The global economy is projected to grow 5.9 percent in 2021 and 4.9 percent in 2022 (0.1 percentage point lower for 2021 than in the July 2021 World Economic Outlook (WEO) Update). The downward revision for 2021 reflects a down-grade for advanced economies—in part due to supply disruptions—and for low-income develop-
economy is now projected to expand by 5.4 per cent in 2021 (table I), marking an upward revision from the 4.7 per cent growth forecast in the World Economic Situation and Prospects (WESP)...