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World Economic Situation and Prospects 2021

A once-in-a-century crisis—a Great Disruption unleashed by the Covid-19 pandemic—hit the world economy in 2020. The pandemic reached every corner of the world, infecting more than 90-million and, so far, has killed close to 2-million people worldwide. Governments around the world responded rapidly—and boldly—to stem the health and economic contagion of the crisis. Fiscal and monetary stimulus packages were quickly rolled out to save the economy. The crisis responses, however, entailed difficult choices between saving lives and saving livelihoods, between speed of delivery and efficiency, and between short-term costs and long-term impacts.

UN forecasts 4 7% economic growth | News, Sports, Jobs

The Associated Press UNITED NATIONS The United Nations warned Monday that the world economy is “on a cliffhanger,” still reeling from the COVID-19 pandemic whose impact will be felt for years but still expected to make a modest recovery of 4.7% in 2021 which would barely offset 2020 losses. The U.N.’s new report on the World Economic Situation and Prospects said the once-in-a-century crisis sparked by the global impact of the coronavirus caused the global economy to shrink by 4.3% in 2020 the sharpest contraction in global output since the Great Depression that began in 1929 and far higher than the 1.7% reduction during the Great Recession of 2009.

Biden moves, Vaccine crisis, and World Economic plight

Biden moves, Vaccine crisis, and World Economic plight
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