IMF adjusts growth forecasts upward

Gita Gopinath
Gita Gopinath
World Economic Forum

The International Monetary Fund projected a somewhat rosier view of the global economic trajectory in its World Economic Outlook, published today (April 6).

The report forecasts that the global economy will grow by 6% in 2021 and 4.4% in 2022. In the October 2020 WEO, the fund projected 5.2% growth for this year and 4.2% for 2022.

The fund also concluded that the global recession in 2020 was not as severe as it had feared. The newest WEO estimates the global economy shrank by 3.3% last year

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