June 30, 2021
Still, the overall US economy faces little immediate danger from the plight of poorer countries, economists said. Less dependent upon trade than countries such as Germany or South Korea, the US is expected to grow at around 7 per cent this year even as the developing world languishes.
“You’re seeing a very strong recovery in some parts of the world. But if you look at the poor, developing countries, the recovery hasn’t really started,” said Masood Ahmed, president of the Centre for Global Development.