The global economy is bouncing back after setbacks in the summer of 2021 due to the COVID-19 pandemic. While some countries faced economic declines, others saw growth. With the slowdown in virus spread, the global economy is expected to recover starting in the third quarter of 2021. Increased vaccination rates and containment measures will help lessen the impact of future case surges. Strong growth in private consumption will drive economic momentum, especially in the services sector. Manufacturing industry growth is hindered by supply chain disruptions but is expected to improve in 2022, boosting the global economy. DIW Berlin predicts a 6.7% growth in global economic output for 2021 and 5.2% for 2022, with a further 4.2% growth in 2023.