The global economy is expected to expand 5.6 percent in 2021, the fastest post-recession pace in 80 years, largely on strong rebounds from a few major economies, the World Bank said on Tuesday, noting that despite the recovery, global output will be about 2 percent below pre-pandemic projections by the end of this year.
In its latest edition of Global Economic Prospects, the World Bank said that at the same time many emerging markets and developing economies continue to struggle with the COVID-19 pandemic and its aftermath.
