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A patriotic analyst, Oxford Economics, said in a revised forecast released Tuesday that it has raised its forecast for global growth for 2021 from 4.9 percent it likely has so far to 5.2 percent.
According to the study’s retrospective report, this will be stronger than the world economy achieved after the global financial crisis in 2010 and will also exceed the pace of recovery from the recessions of the 1980s and 1990s, respectively.
According to a graphical analysis by Oxford Economics, next year’s average quarterly global growth will be the highest since 1978.
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