The global economy is expected to expand 5.6% in 2021, the fastest post-recession pace in 80 years, largely on strong rebounds from a few major economies. However, many emerging market and developing economies continue to struggle with the COVID-19 pandemic and its aftermath. The latest edition of the World Bank’s Global Economic Prospects (June 2021) explores the immediate and longer-term outlook for advanced and developing economies in the wake of COVID-19. (Source: World Bank)