KUALA LUMPUR: Moody’s Analytics is expecting the global real gross domestic product (GDP) to rebound 5.7 per cent in 2021, following the historic 3.6 per cent contraction in 2020. "However, global recovery will continue to be uneven across regions and the dual-track recovery will persist until the new resurgences are brought under control and the global vaccine distribution is scaled up," Moody’s Analytics said in its 'Global Outlook: Resurgence Risks to Recovery' report released today. It said the US is expected to lead the gains with a strong 6.4 per cent rebound in 2021, followed by Asia with a 6.1 per cent expansion, anchored by China’s stabilising growth and India’s turnaround in the post-restrictions phase. Conversely, African economies are likely to see slower growth at 4.3 per cent, following the record three per cent decline in 2020. Moody’s Analytics also opined that geopolitical risks would assume an important role in the post-COVID-19 recovery phase.
