Economic Trends

After the coronavirus pandemic led to a worldwide recession in 2020, the global economy grew again in 2021. According to data published by the International Monetary Fund (IMF), gross domestic product (GDP) grew by 5.9 percent compared with the prior year. The upswing was especially pronounced in Asia. Even if uncertainties remain, the IMF’s economists concur that the pandemic was under better control than in the previous year. Many countries have implemented monetary and fiscal policies to aid economic recovery.

GDP Trends in 2021

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