Among low-income economies, where vaccination has lagged, growth has been revised lower to 2.9%. Setting aside the contraction last year, this would be the slowest pace of expansion in two decades.
The group’s output level in 2022 is projected to be 4.9% (according to World Bank) lower than pre-pandemic projections.
Fragile and conflict-affected low-income economies have been the hardest hit by the pandemic, and per capita income gains have been set back by at least a decade.
the global economy is poised to stage its most robust post-recession recovery in 80 years in 2021. But the rebound is expected to be uneven across countries, as major economies look set to register strong growth even as many developing economies lag.
Conditions affected by this pandemic continue to get worse not only from a health perspective but also from an economic perspective. Estimates of economists in the US, next year's inflation in the country will be higher than the previous year, with high inflation it becomes very reasonable for them to implement a policy of tapering off or tightening qe. This is to avoid a bigger impact. Even in my country a semi-lockdown policy is applied with various terms. From "PSBB" to "PPKM". My country is quite chaotic, even the workers' groups say that if this continues, there will be massive layoffs.