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World economy stumbling towards two-track recovery: Report


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The world economy is facing sharply divergent growth prospects across various regions, as prospects of a uniform swift snapback from a dismal 2020 have become clouded, says a latest report. Vaccination euphoria and attendant hopes of a rapid, broad-based recovery have been tempered by a fresh COVID-19 wave sweeping through a number of economies, putting their growth trajectories at risk.
The latest update of the Brookings-Financial Times Tracking Indexes for the Global Economic Recovery (TIGER) reveals grounds for optimism about global growth prospects but also renewed concerns about impediments to a strong recovery. The report a set of composite indexes has been constructed by Eswar Prasad of Brookings and Aryan Khanna and Darren Chang of Cornell, in collaboration with the Financial Times. ....

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