A recent study found that the global GDP decreased by 3.5% in 2020 due to the impact of the COVID-19 pandemic, marking the largest economic contraction since World War II. The study also revealed that the global trade volume fell by 5.3% in the same year. Additionally, the study projected a GDP growth of 5.6% for the world economy in 2021, with advanced economies expected to grow by 3.3% and emerging markets by 6.3%. The economic recovery is predicted to be uneven across different regions, with some facing slower growth due to various challenges. The study emphasized the importance of coordinated policy responses to support sustainable recovery and mitigate potential risks.