Premium
World economy
Publication year - 2021
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12534
Subject(s) - covid-19 , world economy , economics , economy , development economics , political science , medicine , virology , law , outbreak , disease , infectious disease (medical specialty)
After a truly dreadful 2020, during which the world economy contracted by about 4%, the onset of Covid‐19 vaccination programmes around the world has provided some light at the end of the tunnel. Despite this, we have downgraded our 2021 global GDP growth forecast slightly to 5.0% from 5.2% three months ago, reflecting the probable weak start to this year caused by the high rate of Covid‐19 cases and the associated increase in activity restrictions.