How high will crude oil go in 2021?
THE Covid-19-battered global economy slid into a severe recession in 2020, contracting by 3.2% as global markets turned more sensitive with high volatility seen from risky assets, including stocks, to safe havens such as gold.
Stepping into 2021, with the development and distribution of vaccines, coupled with stimulus measures, global growth is projected at 6.0% albeit the widening gap between the advanced economies and many emerging market and developing economies. The outlook for 2022 remains positive with global gross domestic product projected at 4.9%.
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