Tuesday, May 24, 2022
name of Prensa Latina
Bandera inglesa
English Edition
name of Prensa Latina



Global economy to grow by 5.3% in 2021, says UN

Global economy to grow by 5.3% in 2021, says UN

Geneva, Sep 16 (Prensa Latina) In 2021, the global economy will bounce back with growth of 5.3%, the fastest in nearly 50 years, but the rebound is, however, highly uneven along regional, sectoral and income lines, according to UNCTAD´s Trade and Development Report 2021.
Share on facebook
Share on twitter
Share on whatsapp
Share on telegram
Share on email

UNCTAD´s Report 2021, released on Sept. 15, said this year will see the global economy bounce back thanks to the continuation of radical policy interventions begun in 2020 and a successful (if still incomplete) vaccine roll-out in advanced economies.

It underscored that constraints on fiscal space, lack of monetary autonomy and access to vaccines are holding many developing economies back, widening the gulf with advanced economies and threatening to usher in another lost decade.

‘These widening gaps, both domestic and international, are a reminder that underlying conditions, if left in place, will make resilience and growth luxuries enjoyed by fewer and fewer privileged people,’ said Rebeca Grynspan, the secretary-general of UNCTAD.

‘Without bolder policies that reflect a reinvigorated multilateralism, the post-pandemic recovery will lack equity, and fail to meet the challenges of our time,’ she said.

In 2022, UNCTAD expects global growth to slow to 3.6%, leaving world income still 3.7% below where its pre-pandemic trend would have put it.

The report’s modeling projections point to real growth of global trade in goods and services of 9.5% in 2021.

In 2021, the positive trajectory of commodity prices from the trough observed in the second quarter of 2020 has continued. The aggregate commodity index registered an increase of 25% from December 2020 to May 2021, mainly due to the price of fuels, which surged by 35%, while that of minerals, ores and metals registered an increase of 13%.

pgh/Pll/mem / lpn

name of Prensa Latina

| Text SMS to 8100 with content PL
Receive 4 mesages x 25 cup

© 2016-2021 Prensa Latina
Latin American News Agency

Radio – Publications  – Videos – News by the minute.
All Rigts Reserved.

St. E No 454 , Vedado,  Habana, Cuba.
Phones: (+53) 7 838 3496, (+53) 7 838 3497, (+53) 7 838 3498, (+53) 7 838 3499
Prensa Latina © 2021 .

Web Site developed by IT Division  Prensa Latina.