The global economy will experience a subdued
recovery this year from the devastating pandemic,
the World Bank predicted, but it warned that the
near-term outlook is highly uncertain and growth
could be imperiled if coronavirus infections and
delays in the rollout of vaccines continue.
In its new Global Economic Outlook, the World
Bank forecast 4% growth this year following a
4.3% decline in 2020, the biggest plunge in global
output since a contraction of 9.8% in 1945 as
nations demobilized at the end of World War II.