World Bank expects global economy to expand by 4% in 2021 – News 24-7 Live News 24-7 Live
World Bank expects global economy to expand by 4% in 2021

World Bank expects global economy to expand by 4% in 2021

“While the global economy appears to have entered a subdued recovery, policymakers face formidable challenges—in public health, debt management, budget policies, central banking and structural reforms—as they try to ensure that this still fragile global recovery gains traction and sets a foundation for robust growth”, said World Bank Group President, David Malpass.

“To overcome the impacts of the pandemic and counter the investment headwind, there needs to be a major push to improve business environments, increase labour and product market flexibility, and strengthen transparency and governance.”

News Source: news.un

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