The UN estimates that the global economy will strengthen by 4.7 percent
The United Nations (UN) has warned that the global economy is still negatively affected by the COVID-19 pandemic, which will have a significant impact for years, but estimates the global economy to recover slightly in 2021 and grow by 4.7 percent.
The UN report states that the crisis, which is once a century, caused by the influence of coronavirus, caused the global economy to decline by 4.3 percent in 2020.
It was the sharpest weakening of the world economy since the Great Depression that erupted in 1929.
China, which was the only country with economic growth in 2020, by 2.4 percent, will strengthen by 7.2 percent this year, according to UN estimates.
According to the UN forecast, the US economy will grow by 3.4 percent in 2021, Japan’s gross domestic product will strengthen by 3 percent and the eurozone economy will grow by 5 percent this year. According to the UN, the economy of developing countries will grow by 5.7 percent in 2021.