World Bank warns of tale of two recoveries in post-Covid global growth
Global Economic Prospects report sees strongest rebound in 80 years — but it will be uneven
08 June 2021 - 22:47
Emerging market and developing nations will continue to struggle with the Covid-19 pandemic and its aftermath even as a few major economies spur the strongest post-recession global growth in 80 years, the World Bank said.
GDP product will expand 5.6% 2021, up from 4.1% forecast in January, the Washington-based development organisation said in its semi-annual Global Economic Prospects report. That will be fuelled largely by a 6.8% expansion in the US and 8.5% in China. The World Bank revised its historical data to reflect updated GDP weights...
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