WORLD BANK / GLOBAL ECONOMIC PROSPECTS

08-Jun-2021 00:03:27
The World Bank Group revealed on Tuesday that it expects the global economy to expand 5.6 per cent in 2021, the fastest post-recession pace in 80 years. However, many emerging market and developing economies continue to struggle with the COVID-19 pandemic and its aftermath, according to the World Bank’s “Global Economic Prospects” report. WORLD BANK GROUP
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STORY: WORLD BANK / GLOBAL ECONOMIC PROSPECTS
TRT: 3:28
SOURCE: WORLD BANK GROUP
RESTRICTIONS: CREDIT WORLD BANK GROUP ON SCREEN
LANGUAGE: ENGLISH / NATS

LOCATION: 08 JUNE 2021, WASHINGTON DC / FILE
SHOTLIST
08 JUNE 2021, WASHINGTON DC

1. Various shots, exterior shot of World Bank Group Headquarters signage in Washington, DC
2. SOUNDBITE (English) Ayhan Kose, Prospects Group Director, World Bank Group:
“We are expecting growth around 5.6 per cent this year. How good this number is: when you look at all the global recessions and what happened after the global recessions, this is the best number we are seeing over 80 years.”

FILE - MARCH 31 2020, MADAGASCAR

3. Still photo, with Madagascar’s health system under strain from the COVID-19 pandemic and schools shuttered for the foreseeable future, the health, education, and overall wellbeing of the Malagasy people are increasingly at risk. As the pandemic hits more and more countries, the World Bank Group and other organizations are stepping up to provide immediate support in order to quickly get resources to the front lines of fighting this disease. Photo: World Bank / Henitsoa Rafalia

08 JUNE 2021, WASHINGTON DC

4. SOUNDBITE (English) Ayhan Kose, Prospects Group Director, World Bank Group:
“This is like the tale of two recoveries. It is the best of times for advanced economies and probably the worst of times for emerging markets and developing economies.”
5. Wide shot, tilt and pan shots of World Bank Group Headquarters in Washington, DC
6. SOUNDBITE (English) Ayhan Kose, Prospects Group Director, World Bank Group:
“And for low-income countries, the growth number is going to be less than 3 per cent. Those are the countries we need the growth most, and they are not growing at the levels they should grow.”

FILE – 22 APRIL 2020, KENYA

7. Still photo, social distancing in a market. Photo: World Bank / Sambrian Mbaabu
8. Still photo, social distancing at a fruit stand. Photo: World Bank / Sambrian Mbaabu

08 JUNE 2021, WASHINGTON DC

9. SOUNDBITE (English) Ayhan Kose, Prospects Group Director, World Bank Group:
“Growth is fast in advanced economies. Commodity prices are at record levels. But emerging market developing economies are still struggling because they are still dealing with a health crisis on the ground.”
10. Wide shot, exterior of World Bank Group Headquarters in Washington, DC
11. SOUNDBITE (English) Ayhan Kose, Prospects Group Director, World Bank Group:
“The single most important risk is associated with distribution and deployment of vaccine, controlling the pandemic. If we don’t control the health crisis we cannot have an even recovery, we cannot get the type of strong recovery we would like to have. That's why it’s critical for the global community to find a way to improve the production of vaccine, distribution of vaccine and deployment of vaccines.”
12. Wide shot, tilting shot of World Bank Group Headquarters signage and exterior in Washington, DC
STORYLINE
The World Bank Group revealed on Tuesday (08 Jun0 that it expects the global economy to expand 5.6 per cent in 2021, the fastest post-recession pace in 80 years. However, many emerging market and developing economies continue to struggle with the COVID-19 pandemic and its aftermath, according to the World Bank’s “Global Economic Prospects” report.

Low-income economies are forecast to expand by just 2.9 per cent. The report highlights that globally coordinated efforts are essential to accelerate vaccine distribution and debt relief, particularly for low-income countries.


SOUNDBITE (English) Ayhan Kose, Prospects Group Director, World Bank Group:
“Growth is fast in advanced economies. Commodity prices are at record levels. But emerging market developing economies are still struggling because they are still dealing with a health crisis on the ground.”

SOUNDBITE (English) Ayhan Kose, Prospects Group Director, World Bank Group:
“The single most important risk is associated with distribution and deployment of vaccine, controlling the pandemic. If we don’t control the health crisis we cannot have an even recovery, we cannot get the type of strong recovery we would like to have. That's why it’s critical for the global community to find a way to improve the production of vaccine, distribution of vaccine and deployment of vaccines.”
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