Russia, the ninth largest contributor of total growth in 2021, is poised to move up to fifth in five years as Germany’s economic growth slows.
After the rebound in 2021, global growth is expected to gradually slow to about 3.5% in the medium term, according to the report.
Except for China, where output is expected to exceed 2019 levels this year, output in both advanced economies and emerging market and developing economies is projected to remain below 2019 levels even next year.
This article was provided by Bloomberg News.