IMF sees stronger global growth as some COVID clouds begin to clear

The IMF raised its 2021 growth forecast from 5.5% less than three months ago, reflecting a rapidly brightening outlook for the U.S. economy, which the IMF now sees growing by 6.4% in 2021 -- the fastest since the early 1980s.

“Even with high uncertainty about the path of this pandemic, a way out of this health economic crisis is increasingly visible,” Gopinath told a news conference. FILE PHOTO: The International Monetary Fund logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo

The latest World Economic Outlook - released at the start of the IMF’s and World Bank’s spring meetings - reflects a dramatic divergence between the outlook for the United States and much of the rest of the world courtesy of another $1.9 trillion in pandemic relief spending recently enacted in Washington.

China’s growth forecast for 2021 was raised by 0.3 percentage point to 8.4%, an increase that Gopinath said largely reflected external demand for Chinese exports, driven largely by the U.S. stimulus spending. But she said that consumer spending in China was still lagging, and growth was primarily being driven by public investments.

Yea, uh, China

This is what the Republikkklans are scared of.

𝚆𝚑𝚎𝚗 𝚒 𝚕𝚘𝚜𝚝 𝚖𝚢 𝚓𝚘𝚋, 𝙸 𝚝𝚑𝚘𝚞𝚐𝚑𝚝 𝙸'𝚟𝚎 𝚕𝚘𝚜𝚝 𝚒𝚝 𝚊𝚕𝚕 ...𝚠𝚒𝚝𝚑 𝚝𝚑𝚎 𝚕𝚒𝚝𝚝𝚕𝚎 𝚌𝚊𝚜𝚑 𝚘𝚏 £300 𝙼𝚛s Ricardolucia226 𝚝𝚞𝚛𝚗𝚎𝚍 𝚝𝚑𝚊𝚝 𝚒𝚗𝚝𝚘 £5000 𝚒𝚗 𝚓𝚞𝚜𝚝 5𝚍𝚊𝚢𝚜 😃😃 she 𝚖𝚊de my day

how can this happen? covid19 has attacked many businesses and industries, Job losses from covid19, also the deaths from covid19, it has attacked every part of this planet affecting the economy , yet the best since the 70s? I call bullshit!

🙄

We Will see... thoe

The Global Socialism rich Oligarchy family lines Economy.

Why was Trump banned?

A 6% rise based on not a lot to begin with is a misleading figure used to try to make it seem things are going well !

India leading growth with 12% 🇮🇳🧡

IMFStopLoaningKenya

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