IMF raises world economic growth forecast, says way out of crisis ‘increasingly visible’ ...News

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IMF raises world economic growth forecast, says way out of crisis ‘increasingly visible’
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The International Monetary Fund (IMF) said on Tuesday it expects the global economy to grow by 6% in 2021, up from its 5.5% forecast in January. The stronger economic recovery was projected due to coronavirus vaccine rollouts. “Even with high uncertainty about the path of the pandemic, a way out of this health and economic crisis is increasingly visible,” Gita Gopinath, the IMF’s chief economist, said in the latest World Economic Outlook report. The global GDP (gross domestic product) for 2022 is seen increasing by 4.4%, higher than an earlier estimate of 4.2%. This follows an “estimated contraction of -3.3% in 2020.” However, Gopinath

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