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Wednesday, 12 May 2021, 1:54 pm New York, 11 May — While the global growth outlook has improved, led by robust rebound in China and the United States, surging COVID-19 infections and inadequate vaccination progress in many countries threaten a broad-based recovery of the world economy, says the latest United Nations forecast released today. According to the World Economic Situation and Prospects (WESP) mid-2021 report, following a sharp contraction of 3.6 per cent in 2020, the global economy is now projected to expand by 5.4 per cent in 2021, reflecting an upward revision from the UN forec...

Xinhua | Updated: 2021-05-12 08:43 Share CLOSE Visitors try rowing machines in an exhibition hall of the first China International Consumer Products Expo in Haikou, capital of South China's Hainan province, May 7, 2021. [Photo/Xinhua] UNITED NATIONS, May - A UN report has revised up the world economic growth as a result of robust rebounds in China and the United States, but warned against fragilities in other economies in the context of COVID-19. In its mid-year update of its World Economic Situation and Prospects 2021, which was released in Janua...

1 2021-05-12 10:12:38Xinhua Editor : Wang Yifan ECNS App Download A UN report has revised up the world economic growth as a result of robust rebounds in China and the United States, but warned against fragilities in other economies in the context of COVID-19. In its mid-year update of its World Economic Situation and Prospects 2021, which was released in January 2021, the UN Department of Economic and Social Affairs (DESA) now predicts the world economy will grow 5.4 percent in 2021 instead of the 4.7 percent forecast in January 2021. Following a sharp contraction of 3.6 perc...

India's GDP to grow 7.5 pc in 2021, outlook fragile: UN ANI | Updated: May 12, 2021 11:29 IST Washington DC [US], May 12 (ANI): The United Nations has raised India's growth forecast to 7.5 per cent for calendar year 2021, marking a 0.2 per cent increase from its projection in January, but said the country's outlook for the year remains highly fragile. The surging Covid-19 infections and inadequate vaccination progress in many countries threaten a broad-based recovery of the world economy, said the World Economic Situation and Prospects report. It also pro...

India's GDP to grow 7.5% in 2021, outlook fragile: UN By: ANI Washington DC: The United Nations has raised India's growth forecast to 7.5 per cent for calendar year 2021, marking a 0.2 per cent increase from its projection in January, but said the country's outlook for the year remains highly fragile. The surging COVID-19 infections and inadequate vaccination progress in many countries threaten a broad-based recovery of the world economy, said the World Economic Situation and Prospects report. It also projected India's GDP to grow by 10.1 per cent in 2022. "India has been particularly affecte...