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Fears that inflation could spiral out of control due to a massive US stimulus package are overblown, IMF chief economist Gita Gopinath said yesterday. ....
India is projected to log the strongest growth among the main economies. The economy is seen expanding 11.5 percent this year, which is a significant upgrade to the 8.8 percent growth predicted in October. The upgrade reflects carryover from a stronger-than-expected recovery in 2020 after lockdowns were eased, the IMF said. Growth is seen slowing sharply to 6.8 percent in 2022. The International Monetary Fund, in its latest World Economic Outlook report, raised the global growth forecast for this year to 5.5 percent from 5.2 percent seen in October. World economic growth is projected at 4.2 percent in 2022. Global economy is set to expand at a faster rate this year than expected earlier as vaccination against the coronavirus could strengthen activity later this year, underpinned by further policy support, the lender said on Tuesday. ....
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