IMF: Global Economy Set to Grow at 6 Percent In 2021
- Date: 28-Jul-2021
- Source: Al Bawaba
- Sector:Economy
- Country:Middle East
IMF: Global Economy Set to Grow at 6 Percent In 2021
But the 190-country lending agency has downgraded its forecast for poorer countries, most of which are struggling to vaccinate, said an AP report.
The IMF's forecast, unchanged from its previous estimate in April, would mark the fastest calendar-year global growth in records dating to 1980.
But it downgraded its 2021 forecast for emerging markets and developing countries to 6.3% from its April forecast of 6.7%.