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The International Monetary Fund in October slightly lowered its 2021 growth forecast to 5.2%, warning that despite massive stimulus from central banks and governments the world still faces an uneven recovery until the virus is tamed.
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.
2021-01-06 10:35:29 GMT2021-01-06 18:35:29(Beijing Time) Xinhua English
WASHINGTON, Jan. 6 (Xinhua) Cooperation between China and the United States is now urgently necessary to help support the world economy on which the COVID-19 pandemic is taking a heavy toll, a well-known American scholar has said. What is now urgently necessary is a joint effort by U.S. and China to partner in a project to help salvage the world economy, said Sarwar A. Kashmeri, a fellow of the Foreign Policy Association and an applied research fellow at the Peace and War Center, Norwich University, in a recent interview with Xinhua via email.