IMF sees global economy improving despite uncertainties
Thursday, 04 01 2021, Category: Economy, Country: World
Economic growth led by the United States and China is accelerating, amplifying the risks of an uneven global recovery, the head of the IMF said Tuesday.
"In January we projected global growth at 5.5 percent in 2021," said IMF Chief Kristalina Georgieva in an address ahead of the body's annual spring meeting cohosted with the World Bank.
"We now expect a further acceleration," she said ahead of the international organization's official update of its forecast in a week.
Key factors in the improved outlook includes the US passage of President Joe Biden's $1.9 trillion economic relief package and an expected bounce from coronavirus vaccines increasingly available in larger economies, Georgieva said.
She also praised the "extraordinary effort" of workers throughout the health care universe, including doctors, nurses and vaccine scientists.