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The strongest economic rebound in eight decades will still leave much of the world struggling with the aftermath of the COVID-19 pandemic, the World Bank said Tuesday.

The global economy is expected to grow 5.6% through 2021, the institution said in a semiannual report published Tuesday. The forecast is up from a prior estimate of 4.1% growth and calls for the largest one-year expansion of the postwar era.

Yet the world will still be far from retaking the economic highs of early 2020. Global economic output will sit 2% below its pre-pandemic projections at the end details ⇒

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