Global Market Review: According to the October 2021 World Economic Outlook Report by the International Monetary Fund (IMF), the global economy is projected to expand by 5.9% in 2021, following a contraction of 4.4% in 2020. The growth is projected to be widespread across both the developed and the emerging markets. IMF projects that the new COVID-19 variants coupled with the slow vaccine distribution will continue to pose a risk on the recovery