economic recovery in 2021, the International Monetary Fund forecast Tuesday.After sinking 3.5% in 2020, the worst year since World War II, the global economy will grow 5.5% this year, the 190-country lending organization predicted.
The new figure for 2021 is an upgrade from the 5.2% expansion the IMF forecast in October and would mark the fastest year of global growth since the 2010 snapback from the financial crisis.Also Read | The Indian-Americans driving Biden’s agendaThe vaccines should contain the spread of the virus and allow governments around the world to ease lockdowns and encourage a return to normal economic activity.