A recent report shows that the global economy is projected to grow by 4.2% in 2021, rebounding from a 3.5% contraction in 2020 due to the COVID-19 pandemic. This growth is largely driven by robust expansions in China and the United States. However, the recovery is uneven, with emerging markets and developing economies struggling to overcome the impacts of the pandemic. The report highlights a significant increase in poverty levels, with an estimated 119-124 million people pushed into extreme poverty in 2020. Vaccination efforts remain a key factor in economic recovery, with 95% of the world's vaccines produced by G7 countries. High-income countries have secured the majority of vaccines, raising concerns about vaccine inequality. The report emphasizes the need for global cooperation and equitable vaccine distribution to ensure a more inclusive recovery.