World GDP is forecast to rebound to positive growth of 5.8% in 2021 after a contraction of 3.5% in 2020. The rebound in economic growth in advanced economies such as the United States, the European Union, the United Kingdom and Canada combined with continued strong economic momentum in China are linked to the rapid rollout of vaccination programs and containment of domestic new COVID-19 cases during the first half of 2021. Growth momentum in the US, Eurozone and UK has been buoyant, with the IHS Markit PMIs for these nations having risen sharply in the second quarter of 2021 as rapid vaccination rollouts resulted in ... (full story)