After the sharp contraction in 2020, the global outlook has improved mainly due to the roll out of vaccination campaigns and continued policy support. However, the recovery appears uneven across and within countries, fragile and subject to elevated downside risks, including the spread of new variants of the COVID-19 virus and different paces of vaccination. We will address the problem of economic scarring, especially on those most impacted, including women, youth, informal and low-skilled workers. We commit to remaining vigilant and avoiding any premature withdrawal of support measures. We reaffirm our resolve to use all available policy tools for as long as required to protect people's lives, jobs and incomes, to support the global economic recovery, fight rising inequalities, and enhance the resilience of the financial system, while safeguarding against downside risks and negative spillovers and preserving long-term fiscal sustainability. More ...