Page 8 - உலகம் பொருளாதார ஔட்லுக் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
IMF lowers 2021 growth forecast for India to 9 5%
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Middle East economic outlook hinges on vaccinations
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Government will have to continue financial assistance till there is complete recovery in the economy, high inflation rate also needs to be closely monitored | गीता गोपीनाथ ने कहा- इकोनॉमी में पूरी रिकवरी होने तक सरकार को जारी रखनी होगी वित्तीय सहायता, ऊंची महंगाई दर पर भी बारीकी से नजर रखने की जरूरत
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ASIA:
The International Monetary Fund (IMF) on Tuesday cut its economic growth forecast for China this year because of the patchy recovery from new coronavirus variants, as Beijing focuses on reducing debt and public investment. The Washington-based organization trimmed China’s gross domestic product (GDP) growth estimate to 8.1 per cent, down from April’s projection of 8.4 per cent. But the country’s growth forecast for next year edged up 0.1 percentage points from April to 5.7 per cent. The IMF also scaled back its forecast for emerging Asia and developing economies to 7.5 per cent this year from 8.6 per cent in April. By contrast, it upgraded its estimate for the United States to 7 per cent this year from 6.4 per cent in its previous forecast. Emerging markets and developing economies could face a double hit from the worsening health crisis as new variants spread and tighter external financial conditions, the IMF said.
Daily Times
July 29, 2021
While there’s no doubt that Pakistan has so far handled all waves of the pandemic better than almost all other countries in the whole world, the biggest advantage of which has been that our economy was kept running when most others were forced to shut down, it is also very important not to let our successes make us complacent. These gains are welcome but they are still very fragile, and neither the country nor the economy is truly out of the woods just yet. So prudence would dictate that we continue to keep our heads down and do the right thing, which should then manifest itself in a smoothly running economy, despite all the headwinds, and export orders for our industry that others cannot honour because of the pandemic.