World Bank sees strongest rebound in 80 years despite divergence

Container ships wait offshore at the Port of Long Beach in Long Beach, Calif., on March 25, 2021. Foto: Bloomberg/ Bing Guan

Emerging market and developing nations will continue to struggle with the Covid-19 pandemic and its aftermath even as a few major economies spur the strongest post-recession global growth in 80 years, the World Bank said.

Global gross domestic product will expand 5.6% this year, up from 4.1% forecast in January, the Washington-based development organization said in its semi-annual Global Economic Prospects report. That will be fueled largely by a 6.8% expansion in the U.S. and 8.5% in China. The World Bank revised its historical data to reflect updated GDP weights...

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