<p>The World Bank Group’s Global Economic Prospects report notes that although the global economy is expected to recover from the COVID-19-induced recession, progress will be slow and subdued. Global growth is projected at 4% in 2021, but another spike in cases could reduce it to 1.6%. Immediate policy priorities include supporting vulnerable groups, ensuring a prompt and widespread vaccination process to bring the pandemic under control, and addressing risks associated with debt accumulation.</p>