Investment reform and effective immunization campaigns will help the global economy expand by 4% in 2021.

In its January 2021 Global Economic Prospects report, the World Bank predicted that the global economy would expand by 4% this year after a 4.3% contraction in 2020.

However, analysts at DC Witter Group say the effects of the pandemic are likely to be felt for many years and any recovery will hinge on proper deployment of vaccines as they become available to populations around the world.

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