The global economy is recovering at different speeds due to varying coronavirus rates and vaccination progress. Advanced economies like the USA, euro area, and China are expected to see a strong revival in retail and services, while manufacturing may lag due to high raw material prices. Emerging economies facing high infection rates and vaccine shortages may struggle to recover quickly. Overall, global growth is predicted to increase in the second half of 2021, with an estimated growth rate of 6.7% for 2021 and 4.9% for 2022.