Wednesday, May 12, 2021

UN raises global economic forecast to 5.4 per cent growth in 2021

The United Nations on Tuesday responded to the rebounding Chinese and US economies by revising its global economic forecast upward to 5.4 per cent growth for 2021, but it warned that surging COVID-19 cases and inadequate availability of vaccines in many countries threaten a broad-based recovery. In raising its projection from January of 4.7 per cent 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.

The United Nations on Tuesday responded to the rebounding Chinese and US economies by revising its global economic forecast upward to 5.4 per cent growth for 2021, but it warned that surging COVID-19 cases and inadequate availability of vaccines in many countries threaten a broad-based recovery. In raising its projection from January of 4.7 per cent 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. May 12, 2021 at 12:59PM https://ift.tt/3tJT7Vo

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