2 hours agoThe global economy in 2020 was the most active in decades, with the unemployment rate falling to its lowest level in almost six years, according to the latest World Economic Forum (WEF) report.
The world economy added 1.2 million jobs in 2020, an increase of 3.9 percent over the previous year.
This marked the highest level since September 2014, when the unemployment figure fell to its low point in November of last year.
More than half of the world’s economies are projected to grow in 2020.
The US is projected to add the most jobs at 1.7 million, followed by Canada (1.5 million), Germany (1 million), China (1million), Japan (1m) and France (1 millon).
France is expected to add 0.4 million jobs, which is the third largest jump in the world, according the WEF.
The eurozone has the smallest population growth of the 16 countries in the bloc, at just over 200,000 people.
Germany is expected gain 1.6 million jobs this year, which means it will have the third highest job creation in the EU, behind France and Italy.
The UK is forecast to add 1.1 million jobs and the United States will add 1 million, a third of its job creation.
France and the UK are also projected to have the highest growth rates in the eurozone, at almost 3 percent.
The World Economic Outlook for 2020 report said the UK and the US would see the biggest increases in GDP.
France, the UK, and the Netherlands have the biggest annual increases, followed closely by Germany, Spain, Italy, and Austria.
The report said Europe will see the greatest growth of employment this year.
The data shows that the United Kingdom, France, Germany, and Italy will all see an increase in their economies, as they account for more than half the global GDP.
The figures also show that the economies of India and Japan will have their fastest annual increases in the next six years.
India, China, South Korea, and Russia are expected to grow faster than the rest of the globe this year as they will see their economies grow at a faster rate.
China is forecast for an annual increase of 1.4 percent, while India will see its growth rate increase by 1.8 percent.
India is expected see an annual growth rate of 2.1 percent in 2020 and 2.7 percent in 2021.
The United States, which accounts for nearly a quarter of global GDP, will see an average growth rate growth of 1 percent in the first half of 2021.
The US economy is expected grow by 3.4% in 2020 while the EU will see growth of 3 percent in 2019 and 4.4 per cent in 2020