Title:Divergent Recovery and Structural Reshaping Remain the Theme of the Global Economy

The global economy under COVID-19 is clearly showing the tendency of rapid recovery and structural reshaping. With strong support from counter-cyclical macroeconomic policies in various countries，science and technology innovation (especially biomedicine and digital technology) is playing a key role，green and digital recovery are releasing new momentum，and major countries are taking a clearer lead. Looking ahead，what is unfolding is a completely different global economic landscape compared to before the pandemic，one where risks and challenges coexist with opportunities. All parties are required to be more level-headed to grasp the trends and seize the future.

Three Key Features of the Global Economy in the First Half of 2021

The pandemic is a key variable in global economic performance. The situation was particularly severe in the first half of 2020，and since then，as vaccine development，inoculation and virus variants move forward，economic recovery in various places of the world undulated，showing the following three main features.