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UN raises global economic forecast to 5.4% growth in 2021

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CAMEROON – The United Nations on Tuesday responded to the rebounding Chinese and U.S. economies by revising its global economic forecast upward to 5.4% growth for 2021, but it warned that surging COVID-19 cases and inadequate availability of vaccines in many countries threaten a broad-based recovery.

In raising its projection from January of 4.7% growth, the U.N.’s mid-2021 World Economic Situation and Prospects report pointed to the rapid vaccine rollout in a few large economies led by the U.S.

and China and an increase in global trade in merchandise and manufactured goods that has already reached its pre-pandemic level.

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