COVID-19 Update: February 10, 2021

About a year ago, the WHO declared public health emergency of international concern over the outbreak of the COVID-19. So far, the pandemic has infected more than 105 million people worldwide. As per the latest IMF World Economic Outlook, vaccine approvals have raised hopes of a turnaround in the pandemic. However, the surge of new variants of the virus, as well as new waves of the pandemic, pose concerns for the outlook. Under this uncertain scenario, the global economy is projected to grow 5.5% in 2021.