The global economy has recovered in 2021, even as the pandemic resurges. However, the rapid spread and the threat of new variants (Omicron) have increased uncertainty as to how quickly the pandemic can be overcome. As a result, policy choices to confront multidimensional challenges — subdued employment growth, rising inflation, food insecurity, the setback to human capital accumulation, and climate change— is turning difficult.
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Overview of the Worldwide and Lebanese Economy in 2021