Global Economy To Expand By 4% In 2021: World Bank

  • On Tuesday, the World Bank said that the global economy is expected to expand by 4% in 2021.

  • The bank also informed that due to the rise in COVID-19 infections and delays in vaccine distribution, the recovery rate is expected to reach 1.6% this year.

  • Last year, the global economy contracted by 4.3%.

  • “The near-term outlook remains highly uncertain,” the Bank said in a statement.


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