Widening inequality and a divergence between advanced and lesser-developed economies are still a major concern although the global economy has been forecast to grow amid challenges posed by the ongoing Covid-19 pandemic. The global economy will expand 6% this year, up from the 5.5% pace estimated in January, the International Monetary Fund (IMF) said in its recent World Economic Outlook. That upgrade largely reflects a rapidly brightening outlook for the US economy, which the IMF now sees growing by 6.4% in 2021, the fastest since the early 1980s. That’s up 1.3 percentage points from the IMF’s 5.1% projection in January and nearly double the rate it estimated last year. The IMF sees advance
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