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Growth rate of the world economy in the second half of 2021 to reach 5.8% - Bank of China

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The global economy will recover faster in the second half of the year: report by the Research Institute at the Bank of China.

Growth rate of the world economy in the second half of 2021 to reach 5.8% - Bank of China

In the second half of this year, the global economy is expected to recover at a faster pace, according to a report by the Research Institute at the Bank of China.

According to the forecast of the report on economic and financial outlook for the third quarter, in 2021 the growth rate of the world economy will reach approximately 5.8%.

The document also states that in January-June of this year, industrial activity around the world gradually approached the pre-epidemic level, while the recovery in consumption also accelerated, which reduced the imbalance between supply and demand.

The global recovery is likely to pick up, but the process will be uneven across regions due to stronger political support and faster vaccinations in developed countries, according to the report.

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