Global Recovery Synchronous Between Advanced, Emerging Economies: IMF Global Recovery Synchronous Between Advanced, Emerging Economies: IMF The corporate sector in many countries is emerging from the pandemic over indebted, with notable differences depending on firm size and sector, it said. The IMF said there is a pressing need to act to avoid a legacy of vulnerabilities (File) Washington: The global recovery is expected to be asynchronous and divergent between advanced and emerging market economies, the IMF said on Tuesday, noting that policymakers should take early action and tighten selected macroprudential policy tools while avoiding a broad tightening of financial conditions.