Economics
World’s Economic Recovery Delayed by Slow Vaccine Rollouts
- IMF set to update outlook after World Bank trims estimate
- Federal Reserve and global leaders set to address the outlook
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The world economy is facing a tougher start to 2021 than expected as coronavirus infections surge and it takes time to roll out vaccinations.
While global growth is still on course to rebound quickly from the recession of last year at some point, it may take longer to ignite and not be as healthy as previously forecast. The World Bank already this month trimmed its prediction to 4% in 2021 and the International Monetary Fund will this week update its own outlook.