Global GDP to rebound 5.7% in 2021

“However, global recovery will continue to be uneven across regions and the dual-track recovery will persist until the new resurgences are brought under control and the global vaccine distribution is scaled up,” Moody’s Analytics said in its Global Outlook: Resurgence Risks to Recovery report released yesterday. File pic shows Moodys logo at its HQ in NY

KUALA LUMPUR: Moody’s Analytics is expecting global real gross domestic product (GDP) to rebound 5.7% in 2021, following the historic 3.6% contraction in 2020.

It said the relatively strong outlook is based on the passage of the new fiscal stimulus in the United States, a firming revival in Europe, and material improvement in the global vaccination momentum.