Employees work on a production line at a factory in Jiangsu on Monday. Photo: AFP Employees work on a production line at a factory in Jiangsu on Monday. Photo: AFP
Employees work on a production line at a factory in Jiangsu on Monday. Photo: AFP

Coronavirus: World Bank cuts global growth estimate, but sees big Chinese recovery

  • The world economy is projected to grow by only 4 per cent in 2021, though China’s economy is expected to expand nearly 8 per cent
  • The situation could deteriorate if Covid-19 infections accelerate or the vaccine roll-out is delayed, the World Bank warns

Topic |   Coronavirus pandemic
Employees work on a production line at a factory in Jiangsu on Monday. Photo: AFP Employees work on a production line at a factory in Jiangsu on Monday. Photo: AFP
Employees work on a production line at a factory in Jiangsu on Monday. Photo: AFP
READ FULL ARTICLE