China News Agency, Washington, January 11 (Reporter Sha Hanting) The World Bank released the latest "Global Economic Outlook" report on the 11th local time, predicting that the global economy will grow by 5.5% in 2021 and 4.1% in 2022, both higher than previous The forecast was lowered by 0.2 percentage points.

  Following a strong rebound in the global economy in 2021, the recovery of emerging market and developing economies could be jeopardized by new threats posed by mutant strains of the new coronavirus, coupled with rising inflation, debt and income inequality, the report said.

In addition, with the release of pent-up demand in the previous stage and the reduction of fiscal and monetary support in various countries, global economic growth is expected to slow down significantly, from 5.5% in 2021 to 4.1% in 2022, and further to 2023. 3.2%.

  The report predicts that advanced economies will grow by 5% in 2021 and 3.8% in 2022; emerging market and developing economies will grow by 6.3% in 2021 and 4.6% in 2022.

The World Bank expects the U.S. economy to grow by 5.6% in 2021 and 3.7% in 2022; the euro zone economy will grow by 5.2% in 2021 and 4.2% in 2022.

Meanwhile, the World Bank expects China's economy to grow by 8% in 2021 and 5.1% in 2022.

  World Bank President Malpass said, “The world economy is simultaneously challenged by the COVID-19 pandemic, inflation and policy uncertainty, with unprecedented government spending and monetary policy. Rising inequality and security challenges are particularly detrimental to developing countries. "Malpass called on the international community to strengthen coordinated actions and policy responses at the national level to achieve healthy growth in global economies.

  Mari Pangestu, the World Bank's executive vice president for development policy and partnerships, said the priority now is to ensure a wider and fairer distribution of vaccines so that the coronavirus outbreak is well contained.

Addressing issues such as rising inequality in the development process requires global cooperation to achieve green, resilient and inclusive development.

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