Global Economic Prospects

World Bank expects global economy to expand by 4% in 2021

The World Bank Group on Tuesday issued a guarded growth forecast for the global economy this year, saying that a four per cent overall expansion was likely, although the recovery will likely be a “subdued” one.

News in Brief 9 January 2019

  • ‘Relative calm’ in Yemen port cities following UN-backed ceasefire agreement
  • ‘Storm clouds brewing for global economy’: World Bank
  • ILO celebrates 100 years of advancing social justice
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Economic growth to accelerate in Africa but challenges remain

Economic growth in Africa is expected to accelerate to 4.2 per cent in 2016 following a disappointing performance last year.

Overall global growth is forecast at just under 3 per cent.

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