The World Bank has revised its global economic growth forecast for 2021, projecting a stronger than expected recovery. The organization now predicts a 5.6% growth in the global economy, up from its previous estimate of 4.1%. This upward revision is driven by the rapid rollout of COVID-19 vaccines, as well as significant fiscal stimulus measures implemented by various countries. However, the World Bank warns that the recovery remains uneven across different regions, with low-income countries being particularly hard hit. It also highlights the importance of continued policy support to ensure a sustained and inclusive recovery.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
