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Sanjeev Verma/Hindustan Times/Getty ImagesYet emerging economies will largely fall behind due to debt pressures and slow vaccination.
Yet the world will still be far from retaking the economic highs of early 2020. Global economic output will sit 2% below its pre-pandemic projections at the end of this year, the World Bank said. And in two-thirds of emerging economies, per-capita income will remain below pre-crisis levels through 2022.
The US is projected to grow 6.8% through the year due to its leveraging of unprecedented fiscal and monetary support. That's up from a January estimate of 3.5%. China's economy is expected to grow 8.5%, up from a prior forecast of 7.9%.
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