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GLOBAL & REGIONAL MONTHLY (Monday, 5 April 2021)

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GLOBAL & REGIONAL MONTHLY (Monday, 5 April 2021)

GLOBAL & REGIONAL MONTHLY

The global economy looks set for a robust growth rebound in the coming quarters, as developed and emerging market economies around the world continue to recover from the Covid-19 pandemic. Manufacturing activity has advanced broadly across regions, while the services recovery has been more uneven. Overall, global GDP is set to advance by 5.5% in 2021, the fastest pace in decades, following the worst global recession since WWII in 2020, fueled by progress in Covid-19 vaccinations, highly expansionary US fiscal policy and excess savings accumulated.

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