IMF warns of ‘exceptional uncertainty’ in vaccine-driven recovery

The IMF's second HQ building
Photo: Henrik Gschwindt de Gyor/IMF

The International Monetary Fund has upgraded its forecasts for global growth this year, but says the outlook is still subject to “exceptional uncertainty”.

In its updated World Economic Outlook, published today (January 26), the fund projects worldwide economic growth would surge to 5.5% this year, after an estimated contraction of 3.5% in 2020.

“The 2021 forecast is revised up 0.3 percentage points relative to the previous forecast, reflecting expectations of a vaccine-powered strengthening

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