The International Monetary Fund (IMF) on Tuesday projected that the global economy will grow by 5.9 percent in 2021, down by 0.1 percentage point from July's forecast, according to the latest World Economic Outlook.
China’s economic growth surged to 18.3% over a year earlier in the first quarter of 2021 but an explosive rebound in factory and consumer activity following the coronavirus pandemic is levelling off.
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