The World Bank: U.S. Stimulus Checks Impacted the Global Economy
The World Bank this week released a forecast predicting that the world economy will grow by 5.6 percent in 2021- which the institution describes as “its strongest post-recession pace in 80 years.” Helping to drive the strength was a stimulus in Western countries, including the United States.
Here s What You Need To Know: “The new World Bank president should begin his assessment with a strong dose of harsh realism. Other development organizations like the Asian Infrastructure Investment Bank, BRICS New Development Bank, and Gates Foundation have emerged with impressive resources, faster processing and more focused agendas,” HIlton L. Root wrote.