39 minutes agoIMF: Western countries recovering economically even faster than thought
Periskopi(5 years ago)
(5 years ago)Economic recovery from the Cooved-19 pandemic in the US, the UK and other rich Western countries will result in faster growth for the global economy this year, the International Monetary Fund has predicted. Successful vaccine programs, adapting businesses to quarantine challenges and package recovery of 1.9 trillion [...]
Successful vaccination programs, adapting businesses to quarantine challenges and the recovery package of $1.9 trillion of President Biden's dollars have been key factors in this good news.
After landing by 3% in 2020, The IMF now says the world economy will grow by 6% in 2021 and then by 4% in 2022, reports The Guardian, translates Periscopi.
These numbers are higher than expected.
The IMF has said that governments have spent 16 trillions in their efforts to recover their virus-damaged economies.
The US has marked the biggest achievements in the economy. /Periscope
