What is the Global Economic Prospects report published by World Bank?
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What is the Global Economic Prospects report published by World Bank?
How the potential future and current states of economy are influencing the people and industries around us?
The World Bank's "Global Economic Prospects" report is a comprehensive analysis of the current state and future prospects of the global economy. The report is released on a semi-annual basis and provides a detailed overview of economic growth, trade, and investment trends, as well as an assessment of the potential risks and challenges facing the global economy.
According to the latest report, the global economy is expected to grow by 4% in 2021, following a sharp contraction in 2020 due to the COVID-19 pandemic. This rebound in growth is driven by the ongoing rollout of vaccines and the implementation of large-scale fiscal and monetary stimulus measures by governments and central banks around the world.