World Economic Outlook, April 2021

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The narrative explores the fragile recovery of the global economy following the severe downturn caused by the Great Lockdown. As COVID-19 continues to pose risks, many nations are hesitant to fully reopen, with some reintroducing partial lockdowns to safeguard vulnerable groups. Although China's recovery has exceeded expectations, the overall journey toward restoring pre-pandemic economic activity is uncertain and susceptible to further challenges.