IMF raises global growth outlook to 6% in 2021 from 5.5%

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The International Monetary Fund (IMF) published its world economic outlook on Tuesday in which it estimates that the world economy will grow 6% in 2021, which implies an improvement over the forecast of 5.5% in January this year, according to Reuters.

The IMF forecast for 2021 would mark the fastest global growth pace since 1976, driven by a strong rebound in the United States.From. It raised America’s growth prospects in 2021 to 6.4%, the fastest pace since the early 1980s.

“The multi-speed recoveries reflect differences in the vaccination process, the degree of policy support and structural factors,” the IMF said. They still indicate that there is a high degree of uncertainty in the economic outlook and that much depends on the success of COVID-19 vaccines.

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