The Global Economy is Likely to Expand by 5.6% in 2021

International Economy is likely to expand by 5.6% in 2021 and the highest expansion after the period of post-recession and the main reason behind this growth is the new emerging economies which are providing stimulus to World Economy. Global output remains about 2 % in this period. Many emerging & Developing economies are continuing to fight the effects of pandemic and struggling to keep pace in their recovery process. There are some signs of global economic recovery.