The World Bank has projected that the global economy will expand by 4% in 2021, signaling a return to growth after the 2020 economic recession triggered by the coronavirus pandemic.
However, it warns that substantial risks still remain, and recovery is expected to be subdued. The organization disclosed this in its latest #WBGEP2021 report on Sunday via Twitter.
The latest #WBGEP2021 report projects the global economy will expand 4% in 2021—marking a return to growth after the 2020 recession. But substantial risks remain, and the recovery is expected to be subdued.
— World Bank (@WorldBank) February 21, 2021
Amaka E. Nliam
