World Bank Online Morning Seminar “Global Economic Prospects, June 2021 edition”

 World Bank Online Morning Seminar “Global Economic Prospects, June 2021 edition”

The global economy is set to expand 5.6 percent in 2021—its strongest post-recession pace in 80 years. This recovery is uneven and largely reflects sharp rebounds in some major economies. In many emerging market and developing economies (EMDEs), obstacles to vaccination continue to weigh on activity. By 2022, last year’s per capita income losses will not be fully unwound in about two-thirds of EMDEs. The global outlook remains subject to significant downside risks, including the possibility of additional COVID-19 waves and financial stress amid high EMDE debt levels. Policy makers will need to balance the need to support the recovery while safeguarding price stability and fiscal sustainability and to continue efforts toward promoting growth-enhancing reforms.

At this seminar, Ayhan Kose, Acting Vice President of Equitable Growth, Finance and Institutions Practice Group and Director of Prospects Group, and…

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