A recent report indicates that the global economy is projected to grow by 6% in 2021, following a decline of 3.5% in 2020. This positive outlook is driven by a combination of factors such as increased vaccination rates, economic stimulus packages, and improving consumer confidence. Advanced economies are forecasted to expand by 5.4% while emerging markets and developing economies are expected to grow by 6%. The recovery is uneven across regions, with the Eurozone projected to grow by 4.4%, the US by 6.9%, China by 8.4%, and India by 9.7%. However, concerns regarding inflation, rising debts, and vaccine disparities pose risks to this optimistic forecast. The global trade volume is expected to increase by 8.4% this year, after a 5.3% contraction in 2020.