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National Institute Global Economic Outlook, 2021, issue 1, 4

Abstract: The increase in global economic activity in the third quarter of 2020, which was supported by strong monetary and fiscal policy actions and some unlocking of restrictions, continued into the final quarter. Despite these increases, global GDP fell by 3.75 per cent last year, a much larger fall than during the global financial crisis, when global GDP fell by 0.1 per cent in 2009.

Date: 2021
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