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U.N. body raises global economic growth forecast for 2021 to 4.7%

Sumary of U.N. body raises global economic growth forecast for 2021 to 4.7%:

  • Article content GENEVA — The global economy is set to grow by 4.7% this year thanks to a stronger-than-expected recovery in the United States, a report by the U.N…
  • consumer spending on the back of progress distributing COVID-19 vaccines and a vast stimulus package, the report said…
  • However, the 22-page UNCTAD report called ‘Out of the frying pan…into the fire?’ said COVID-19 will have lasting economic consequences that will require continued government support…
  • The report estimates that last year there was a 3.9 % drop in output as the spread of the coronavirus sparked lockdowns across the world……

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