Global real GDP to rebound to 4.4% in 2021; emerging markets to recover faster: Fitch Solutions

Global real GDP to rebound to 4.4% in 2021; emerging markets to recover faster: Fitch Solutions

The global economy will see real GDP rebound next year to reach 4.4 percent, up from the 4.2 percent expected in 2020, Fitch Solutions projected.

During its Global Macroeconomic Quarterly Update event, held virtually on Thursday and attended by Ahram Online, the global head of Country Risk at Fitch Solutions, Cedric Chehab, said that emerging markets will be faster in terms of a growth rebound than developed countries, which are expected to see over 5 percent growth in 2021.

GDP growth in MENA will see GDP growth close to 3.5 percent in 2021, according to a Fitch Solutions report.

Chehab said that the second quarter of 2020 was a low point for the global economy and recovery will be patchy, adding that GDP in developed markets hit record