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5 minutes agoIMF downplays global economic growth forecasts
Periskopi(5 years ago)
(5 years ago)The International Monetary Fund (FMN) said it has reduced global economic growth forecasts for this year to 5.9 percent. This has contributed to uncertainty about the outcome of the coronary pandemic. The IMF had previously projected economic growth of 6 per cent. According to this headquarters organization in Washington, United States, [...]
According to this Washington - United States headquarters, this decline in forecasts has also affected the disruptions of the supply chain that deteriorated in Asian manufacturing centers and inequalities in the degree of vaccine between rich and poor countries.
“Global recovery continues, but its momentum has weakened”, said Gita Gopinath, director of research at the IMF. Nearly 60 percent of the population in developed economies is completely vaccinated, compared with only about 4 percent in poorer countries.
Gopinath warned of a dangerous gap in economic growth between developed and low-income economies.
The Fund expects general production from developed economies to compensate for the losses suffered during the pandemic by next year as the return to the pre-pandemia situation is achieved by 2024.
The fund now expects the world's largest economy, the United States, to grow 6 percent in 2021. In July the forecast was 7 percent.
Europe's largest economy, Germany, is projected to grow by 3.1 percent, behind France and Italy, where about 6 percent are forecast.
