The World Bank already this month trimmed its prediction to 4% in 2021 and the International Monetary Fund will this week update its own outlook. Double-dip recessions are now expected in Japan, the eurozone and the UK as restrictions to curb the virus spread are enforced.
HONG KONG: The world economy is facing a tougher start to 2021 than expected as coronavirus infections surge and it takes time to roll out vaccinations.
While global growth is still on course to rebound from the recession of last year, it may take longer to ignite and not be as healthy as previously forecast.
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