Amid Exceptional Uncertainty IMF Projects Growth for Rich Countries, Challenges for Developing Countries Amid Exceptional Uncertainty IMF Projects Growth for Rich Countries, Challenges for Developing Countries
January 26, 2021
Washington DC - The International Monetary Fund released projections on the world economy as countries continue to wrestle with the coronavirus. The Fund s World Economic Outlook Update projects 5.5% global growth in 2021, while noting developing countries face growing problems. While the IMF is uncertain in its predictions, it s clear that the developing world is mired in severe challenges due to high debts, few financial resources and lack of access to vaccines, stated Jubilee USA Executive Director Eric LeCompte who has reviewed IMF economic reports for more than a decade.