World economy slows in 2020 but solid rebound forecast for 2021 and 2022

Pictured: planet Earth. In recovery. Graphic credit: PIRO 4D from Pixabay

The Office of the Chief Economist has indicated that, although the world economy has slowed down in 2020, world economic activity has “rebounded”. Writing in the December 2020 “Resources and Energy Quarterly”, the Office of the Chief Economist indicates that growth forecasts for the near future are strong.

World economy

The REQ notes the IMF’s forecast that world economic activity will be down by about 4.4 per cent by the...

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