CBN Advert


Business news

World Bank Projects 4% Expansion Of Global Economy In 2021

No Comments Share:


Global economy to expand by 4% in 2021: World Bank
Latest report by the World Bank has projected a 4% expansion of the global economy in 2021, marking a return to growth after the COVID-19-induced recession of 2020.

It, however, highlighted vaccine deployment and investment as key to sustaining the recovery.

“While the global economy appears to have entered a subdued recovery, policymakers face formidable challenges—in public health, debt management, budget policies, central banking and structural reforms—as they try to ensure that this still fragile global recovery gains traction and sets a foundation for robust growth.

“To overcome the impacts of the pandemic and counter the investment headwind, there needs to be a major push to improve business environments, increase labor and product market flexibility, and strengthen transparency and governance,”  said World Bank Group President David Malpass.


Previous Article

Winners Emerge In Heritage Bank’s ‘YNSPYRE’, Cream Platform Promo  

Next Article

Panel Awards N16 Million To Four Victims Of #EndSARS

You may also like

Leave a Reply

Your email address will not be published. Required fields are marked *