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World economy risks 'dangerously diverging' even as growth booms; China outpaces India, emerging markets

The world economy is on course for its fastest growth in more than a half-century this year, yet differences and deficiencies could hold it back from attaining its pre-pandemic heights any time soon. But while the US is bouncing, France, Germany, Italy, the UK, and Japan are contracting. In the emerging markets, Brazil, Russia, and India are all being clearly outpaced by China. ....

United States , United Kingdom , South Africa , World Bank , District Of Columbia , Janet Yellen , Donald Trump , Maury Obstfeld , Rob Subbaraman , Joe Biden , Enda Curran , Gautam Adani , Bruce Kasman , Kristalina Georgieva , Mansoor Mohi Uddin , International Monetary Fund , European Central Bank , Nomura Holdings Inc , Jpmorgan Chase Co , European Union , Singapore Ltd , Peterson Institute For International Economics , Rich Miller , President Joe Biden , Director Kristalina Georgieva , Bloomberg Economic ,