GDP: This brief acronym is believed to represent the sum total of a country’s wealth. Gross Domestic Product has been used by economists since the end of
All 27 EU countries to fully recovery from COVID crisis in 18 months, says Ursula von der Leyen euronews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euronews.com Daily Mail and Mail on Sunday newspapers.
Xinhua | Updated: 2021-05-12 08:43 Share CLOSE Visitors try rowing machines in an exhibition hall of the first China International Consumer Products Expo in Haikou, capital of South China s Hainan province, May 7, 2021. [Photo/Xinhua]
UNITED NATIONS, May - A UN report has revised up the world economic growth as a result of robust rebounds in China and the United States, but warned against fragilities in other economies in the context of COVID-19.
In its mid-year update of its World Economic Situation and Prospects 2021, which was released in January 2021, the UN Department of Economic and Social Affairs (DESA) now predicts the world economy will grow 5.4 percent in 2021 instead of the 4.7 percent forecast in January 2021.
1 2021-05-12 10:12:38Xinhua
Editor : Wang Yifan
ECNS App Download
A UN report has revised up the world economic growth as a result of robust rebounds in China and the United States, but warned against fragilities in other economies in the context of COVID-19.
In its mid-year update of its World Economic Situation and Prospects 2021, which was released in January 2021, the UN Department of Economic and Social Affairs (DESA) now predicts the world economy will grow 5.4 percent in 2021 instead of the 4.7 percent forecast in January 2021.
Following a sharp contraction of 3.6 percent in 2020, the world economy will return to positive territory as the world s two largest economies China and the United States will register impressive growth, according to the mid-year update, which was released on Tuesday.
Daily Times
‘Economic recovery ‘under threat’ amid surging coronavirus’
WESP points out ‘inadequate’ vaccination in many countries; says China, US on recovery path; South Asia remains fragile, uncertain
May 12, 2021
NEW YORK – While the global growth outlook has improved, led by robust rebound in China and the United States, surging coronavirus infections and inadequate vaccination progress in many countries threaten a broad-based recovery of the world economy, according to the latest United Nations forecast.
According to the World Economic Situation and Prospects (WESP) mid-2021 report, following a sharp contraction of 3.6 per cent in 2020, the global economy is now projected to expand by 5.4 per cent in 2021, reflecting an upward revision from the UN forecasts released in January.