Roundup: World Bank projects global economy to grow by 4 pct in 2021 with widespread vaccination

WASHINGTON, Jan. 5 (Xinhua) -- The global economy is on track to grow by 4 percent in 2021, assuming vaccination for COVID-19 becomes widespread throughout the year, the World Bank Group said in its latest Global Economic Prospects released on Tuesday.

"The global economy appears to be emerging from one of its deepest recessions, and beginning a subdued recovery," World Bank Group President David Malpass told reporters in a media conference call Tuesday morning.