Despite visible green shoots in key macroeconomic indicators in the first half, the emergence of new COVID-19 variant Omicron and its fast spread has made the global economic recovery increasingly uneven towards the tail end of 2021, due to which GlobalData, a leading data and analytics company, has revised down the global economic growth forecast for 2022 from 4.6% in July to 4.5% in December 2021.
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