World Bank expects global economy to increase by 4%

World Bank expects global economy to increase by 4%
  • Clock-gray 10:18
  • calendar-gray 06 January 2021

Taking into consideration that COVID-19 vaccines will widely spread this year, the World Bank forecasts the global economy to increase by 4% in 2021, APA-Economics reports citing "Global Economic Prospects" report of the bank.

According to the information, this is 5% points lower than the pre-pandemic forecast. The global GDP is forecasted to be made up 3,8% slowing the growth rate in 2022.

Mirsaid İbrahimzade

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