Mongolia’s economy is expected to grow by 4.3 percent in 2021 - 0.6 percentage point below the previous forecast by Global Economic Prospects released by the World Bank.
China’s economy is projected to expand by 7.9 percent in 2021 following 1.9-percent growth in 2020, as economic activity continues to normalize and domestic COVID-19 outbreaks remain under control, the International Monetary Fund (IMF) said Friday. “The Chinese economy continues its fast recovery from the pandemic, helped by a strong containment effort and swift policy .
Chart: World Economy to Trail Pre-Pandemic Trajectory for Years
While the World Bankâs economists have adjusted their 2020 forecast for global GDP growth from -5.2% to -4.3% to account for early signs of recovery, their outlook for 2021 has worsened.
An employee works on a production line manufacturing steel structures at a factory in Huzhou, Zhejiang province, China May 17, 2020. Photo: China Daily via Reuters
World11/Jan/2021
The World Bank released its latest Global Economic Prospects report this week, providing us with an updated look at the coronavirus pandemicâs effect on the world economy. Striking a cautious tone, the report finds that global economic output will likely remain below its pre-pandemic trend for a protracted period, warning that the pandemic âhas exacerbated the risks associated with a decade-long wave of global debt accumulationâ.
Ghana s growth rate revised to 14 per cent ghanaiantimes.com.gh - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ghanaiantimes.com.gh Daily Mail and Mail on Sunday newspapers.
We have an array of interesting data in the week ahead including inflation news, more employment numbers, and sentiment from consumers and small businesses. Most importantly we have the start of earnings season.
Despite this, the political story will dominate, at least for a bit longer. While this is newsworthy, it is not the key element for investors. What best depicts this challenge to find the right focus?
Let us turn to Chance the Gardener! The simple-minded gardener who knows only what he has learned on television is a fount of wisdom.
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