"Additional stimulus measures in the United States and accelerating recovery in Asian economies are expected to lift the 2021 forecast to 4.8 percent, compared to the previous month's forecast of 4.4 percent," the release noted.
The US economy is expected to rebound 4.2 percent this year, while the Eurozone GDP should rise 4.1 percent in the same period. Japan's economy is set to rise 2.9 percent, followed by China's outstanding growth estimates of 7.4 percent. Expectations for India also went up to 7.5 percent GDP growth in 2021, for Brazil also up to 2.9 percent, as well as for Russia 3.0 percent.