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Global economic growth to mask widening inequality in 2021, U.N. says

Global economic growth to mask widening inequality in 2021, U.N. says

MATTHEW LAVIETES THE world economy will fare better this year than previous projections indicated, but a slow roll-out of COVID-19 vaccines in many developing countries will hamper their economic recoveries, the United Nations said on Tuesday. Global economic growth is expected to reach 5.4% this year, bouncing back from 2020's contraction of 3.6% and picking up from forecasts issued in January, according to the latest World Economic Situation and Prospects report. However, the growth outlook in some nations in South Asia, sub-Saharan Africa and Latin America remains "fragile and uncertain", due to slow vaccination progress, said the report by the U.N.…
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