GDP of many emerging economies to reach pre-pandemic level in 2022

World Bank President David Malpass has stated that GDP of many emerging and developing economies will return to pre-pandemic levels in 2022. However, per capita income will take more time to reach 2019 levels. In many countries, recovery is even slower and full of complex challenges, Malpass added. The World Bank expects the India’s economy to grow by 8.3 per cent in 2021-22.