IMF projects China s economy to grow by 7 9% in 2021 cgtn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cgtn.com Daily Mail and Mail on Sunday newspapers.
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With the rollout of a Covid-19 vaccine around the corner in India, hopes are rising among business leaders of a swift recovery in 2021 after the economy was plunged into a recession last year because of the impact of the pandemic and lockdown restrictions.
India has given emergency approvals for two vaccines – the Oxford-AstraZeneca jab and a homegrown candidate – and it is currently preparing to begin its immunisation drive, which starts on January 16. This will start with 30 million essential workers, and India has the ambitious target of vaccinating some 300 million citizens by the middle of the year. India is the second-worst affected country after the US with more than 10 million confirmed Covid-19 infections.
Source: Socialist Republic of Vietnam
âThe Chinese economy continues its fast recovery from the pandemic, helped by a strong containment effort and swift policy actions to mitigate the impact of the crisis,â the executive board of the IMF said in a statement after concluding the annual Article IV review of the Chinese economy.
âPolicymakers have provided financial relief and fiscal support to protect the most-affected firms while safeguarding financial stability,â the IMFâs executive board said, adding macroeconomic and financial policies have supported the economic recovery.
IMF executive directors called for a continuation of the âmoderately supportiveâ fiscal and monetary policies until Chinaâs recovery is on solid ground.
The World Bank has published its Global Economic Prospects report, detailing how the Covid-19 pandemic has impacted the growth prospects of South Africa and…