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Global GDP will grow the most since 1980 this year amid widespread vaccination and massive stimulus, Fitch says

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The world economy is set to thrive through 2021 as vaccinations and a new swath of fiscal support bring countries back to pre-pandemic norms, Fitch economists said.

The team led by Brian Coulton lifted their estimates for economic growth in a Tuesday note, joining several other firms in preparing for a strong recovery. Global gross domestic product is now expected to grow 6.1% through 2021, up from the previous estimate of 5.3%. The new forecast calls for the fastest rate of global growth since at least 1980 and follows a 3.4% decline in 2020.

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