‘Vaccine deployment, investment key for post-pandemic recovery’
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‘Vaccine deployment, investment key for post-pandemic recovery’
A NEW World bank report shows that the global economy is expected to expand by 4 per cent in 2021, calling for authorities to facilitate a re-investment cycle aimed at sustainable growth that is less dependent on government debt.
To ensure recovery, policy makers should move decisively to tame the pandemic and implement investment-enhancing reforms, the WB says in its January 2021 Global Economic Prospects.
“While the global economy appears to have entered a subdued recovery, policymakers face formidable challenges in public health, debt management, budget policies, central banking and structural reforms as they try to ensure that this still fragile global recovery gains traction and sets a foundation for robust growth,” said World Bank Group President David Malpass.