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NEWS
MPC Press Release – January 2021
The global economy was projected to contract by a larger margin in 2020 due to the adverse effects of the COVID-19 pandemic, but the contraction has turned in better than earlier forecasted. The resurgence of infections and emergence of new variants of the virus since the last quarter of 2020 has, however, resulted in the re-imposition of restrictions and partial lockdowns in some economies and will likely soften the growth recovery momentum in early 2021.