World Economic Situation and Prospects Mid-year Update - Virtual Press Conference (11 May 2021) Preview Language: English 11-May-2021 00:31:03 Virtual Press Conference by Mr. Hamid Rashid, Lead Author and Chief, Global Economic Monitoring Branch, Economic Analysis and Policy Division, UN Department of Economic and Social Affairs and Ms. Helena Afonso, Economic Affairs Officer, Global Economic Monitoring Branch, Economic Analysis and Policy Division, UN Department of Economic and Social Affairs, on the World Economic Situation and Prospects Mid-year Update.
Available Language: English
May 13, 2021
UNITED NATIONS (AP) The United Nations (UN) on Tuesday responded to the rebounding Chinese and United States (US) economies by revising its global economic forecast upward to 5.4 growth for 2021, but it warned that surging COVID-19 cases and inadequate availability of vaccines in many countries threaten a broad-based recovery.
In raising its projection from January of 4.7 per cent growth, the UN’s mid-2021
World Economic Situation and Prospects report pointed to the rapid vaccine rollout in a few large economies led by the US and China and an increase in global trade in merchandise and manufactured goods that have already reached its pre-pandemic level.
2021-05-12 04:53:56 GMT2021-05-12 12:53:56(Beijing Time) Xinhua English
Photo taken on May 9, 2021 shows a domestically produced coffee robot on display during the first China International Consumer Products Expo in Haikou, capital of south China's Hainan Province. (Xinhua/Guo Cheng)
UNITED NATIONS, May 11 (Xinhua) Growth in investment and exports as well as some other domestic factors are driving China s economic recovery, said a UN economist on Tuesday.
In a mid-year update of its World Economic Situation and Prospects 2021, the UN Department of Economic and Social Affairs (DESA) revised its growth forecast for China from 7.2 percent to 8.2 percent.
Hamid Rashid, the lead author of the mid-year update, attributed the upward revision to the robust investment in China in the last six months and the significant increase in merchant exports, such as electronics and electrical equipment, digital equipment and others.
The U.N.’s mid-2021 World Economic Situation and Prospects report increased its forecast for global economic growth and pointed to the rapid vaccine rollout in