icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
4 Jun, 2021 13:25

Global economy back in the saddle, but uneven recovery poses risks – Putin

Global economy back in the saddle, but uneven recovery poses risks – Putin

The world’s economy is returning to normal, Russian President Vladimir Putin said on Friday, speaking at the St. Petersburg International Economic Forum. He warned that the recovery was uneven and posed other risks, however.

Growth in the global economy is expected to reach its highest level since the 1970s, according to the Russian president. In April, the International Monetary Fund said the global economy would grow by 6% in 2021. The previous forecast was raised by 0.5% due to the widespread rollout of vaccines against the coronavirus.

Also on rt.com Forging a path to recovery: Russia’s St. Petersburg Economic Forum to address global challenges of post-pandemic world

According to Putin, the substantial growth is also being triggered by the extraordinary measures taken by the governments across the world.

At the same time, the Russian president warned that the recovery of the global economy was likely to be uneven, as developed nations have more resources and better access to vaccines than the rest of the world.

“This spawns serious political, economic, and social risks for both the developing and developed countries, as well as for overall global security,” Putin said.

For more stories on economy & finance visit RT's business section