After the impact of the COVID – 19 the world
started getting back on track. Global economy is projected to grow 6 percent in
2021 where east Asia becomes the major contributor and world’s fastest growing
region and the projections of 2021 and 2022 are stronger than 2020. On the
other hand, Global debt is becoming a point of worry due to fall of revenues
and the cost of relief measures against pandemic. The global debt increased by
$20 Trillion since July 2019 which took the total figure at $272.7 trillion. it
is further expected to reach $277 trillion by the end of the year i.e. 365% of
the size of the entire world economy. As far as the other indicators are
concerned, World Inflation rate right now is 3.39%
which may reduce to 3.18% in the coming year and Unemployment rate
stands for 6.47% as per the latest report of world bank.
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