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United Nations raises global economic growth forecast to 5.4% in 2021
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Last Updated: May 12, 2021, 12:01 PM IST
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Synopsis
In raising its projection from January of 4.7% growth, the U.N. s mid-2021 World Economic Situation and Prospects report pointed to the rapid vaccine rollout in a few large economies led by the U.S. and China and an increase in global trade in merchandise and manufactured goods that has already reached its pre-pandemic level.
Agencies
For 2022, the U.N. forecast that the global economy will grow by about 4.7% is higher than the IMF s projection of 4.4%.
The United Nations on Tuesday responded to the rebounding Chinese and U.S. economies by revising its global economic forecast upward to 5.4% growth for 2021, but it warned that surging COVID-19 cases and inadequate availability of vaccines in many countries threaten a broad-based recovery. ....

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