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As India Battles Covid, World Bank Forecasts Growth at 8.3 Percent


UNITED NATIONS — The World Bank has forecast that the Indian economy would grow by 8.3 percent during the current fiscal year, an increase of nearly 3 percent from its January projection, but lower than the April estimate by almost 2 percent.
The Bank s Global Economic Prospects Report released June 8 said that India would be the second fastest-growing major economy, behind only China which is forecast to grow by 8.5 percent.
The report said that India s growth forecast is supported by plans for higher spending on infrastructure, rural development, and health, and a stronger-than-expected recovery in services.
But it added, Better growth prospects since January, however, masks significant damage to economic activity from COVID-19. ....

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President Biden's Economic Plan is Working – World Bank Projections for U.S. Growth Almost Double Since January 2021


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President Biden’s Economic Plan is Working – World Bank Projections for U.S. Growth Almost Double Since January 2021
June 9, 2021
President Biden’s economic plan is working. The Global Economic Prospects Report, released yesterday by the World Bank confirms the OECD’s assessment from last week that since President Biden took office, the
economic picture has improved dramatically in the U.S., and that the U.S. recovery is now outperforming that of other advanced economies.
The World Bank nearly doubled its January projections of US GDP growth from 3.5% to 6.8%
the fastest pace since 1984 – based on the strength and speed of President Biden’s economic and vaccination plans. The U.S. is now expected to exceed its pre-pandemic GDP projections by the end of this year, while other regions remain below pre-pandemic expectations. ....

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13 people suffer facial paralysis after taking covid vaccine shots in Israel


13 people suffer facial paralysis after taking covid vaccine shots in Israel
Agencies
January 17, 2021
Jerusalem, Jan 17: At least 13 people in Israel have suffered mild facial paralysis as a side-effect post Coronavirus vaccination, WION reported. The Health Ministry said that the actual number of people suffering such side effects could be higher than reported. Also Read - Coronavirus Found on Ice Cream in Chinese City, Thousands of Boxes Seized
Experts are now apprehensive of giving the second dose of the shot to these people, even though the health ministry has insisted on giving the jab once the paralysis heals. Also Read - AIIMS Worker Suffers Allergic Reaction After Receiving Coronavirus Vaccine, Admitted to ICU ....

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Global economy to expand by 4 pc in 2021: World Bank


Global economy to expand by 4 pc in 2021: World Bank
ANI |
Updated: Jan 06, 2021 11:27 IST
Washington DC [USA], January 6 (ANI): The global economy is expected to expand by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year, the World Bank has said.
A recovery, however, will likely be subdued unless policy makers move decisively to tame the pandemic and implement investment-enhancing reforms, it said in its latest Global Economic Prospects report.
In India, the pandemic hit the economy at a time when growth was already decelerating. Output is estimated to contract by 9.6 per cent in fiscal year 2020-21, reflecting a sharp drop in household spending and private investment. ....

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