You are here Home » News & events » All stories » While rich countries experience a post-COVID boom, the poor are getting poorer. Here's how Australia can help While rich countries experience a post-COVID boom, the poor are getting poorer. Here's how Australia can help 19 May 2021 The latest IMF and World Bank reports show a global economic boom gathering steam. This is thanks to US$16 trillion in fiscal stimulus packages spent mostly across the world’s rich nations since the pandemic began. After the reversal of 2020, the global economy is now projected to grow by 6% in 2021, powered by strong growth in the US and China, which are forecast to grow by 6% and 8%, respectively.