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U S economy grows at annualized 6 5 pct in Q2 amid supply bottlenecks
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IMF projects global economy to grow by 6% in 2021
Published : 28 Jul 2021, 01:18
DF News Desk
A screen displaying the International Monetary Fund (IMF) Chief Economist Gita Gopinath speaking at a virtual press briefing in Washington, D.C., the United States on Tuesday. Photo: Xinhua.
The International Monetary Fund (IMF) on Tuesday maintained its global economic growth forecast at 6 percent for 2021, with economic prospects diverging further across countries since April s forecast, according to the latest World Economic Outlook (WEO). The global economic recovery continues, but with a widening gap between advanced economies and many emerging market and developing economies, IMF Chief Economist Gita Gopinath told a virtual press briefing, reported Xinhua.
by James Politi in Washington and Colby Smith in New York
Developing economies’ limited access to Covid vaccines threatens to hinder the global economic recovery from the pandemic, the IMF has warned, as it upgraded its growth projections for advanced economies but lowered them for other parts of the world.
The Fund still expects overall global growth of 6 per cent this year unchanged from its last projection in April it said in its latest World Economic Outlook on Tuesday. But it warned that new waves of coronavirus infections since then, including the spread of the Delta variant, have made the outlook more uncertain and uneven.
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