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IMF: Successful vaccine drives spurring rich nations recoveries

2 minutes read Washington, Jul 27 (EFE).- The International Monetary Fund said Tuesday that high vaccination rates in wealthy countries will enable them to rebound strongly this year and next from the pandemic-triggered economic crisis. But that financial institution, which left its 2021 forecast for global growth unchanged at 6 percent, lamented that unequal immunization drives worldwide will cause “widening gaps in the global recovery.” In its latest World Economic Outlook Update, the IMF raised its growth projection for the world’s advanced economies but lowered its forecast for emerging market and developing countries, mainly due to a worsening situation in Asia. Looking ahead to 2022, the IMF raised its global growth forecast to 4.9 percent – up from 4.4 percent in April – due primarily to expectations of stronger growth rates in rich countries.

Futures Rebound As Chinese Rout Fades, All Eyes On The Fed

Futures Rebound As Chinese Rout Fades, All Eyes On The Fed
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