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Projected 5.6% global growth in 2021 by World Bank

The 2021 rebound will be uneven, led by rich countries such as the United States that could afford to spend vast amounts of taxpayer money to support their economies ; 90% of advanced economies are expected to return to pre-pandemic levels next year . The World Bank is predicting that COVID-19 vaccinations and massive government stimulus in rich countries will power the fastest worldwide expansion in nearly five decades. The projected expansion would make 2021 the fastest year of growth since 1973’s 6.6%. Why is the rebound very slow in developing countries ?

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