Covid-19 recovery highlights stark inequality between nations – IMF

Gita Gopinath
Gita Gopinath
IMF Staff Photograph/Stephen Jaffe

The International Monetary Fund maintained its 6% global growth forecast in its world economic outlook update, but emerging economies are falling behind.

“The composition [of growth] has changed,” IMF chief economist Gita Gopinath said during the WEO press conference on July 27. “Growth prospects for advanced economies this year have improved by half a percentage point, but this is offset exactly by a downward revision for emerging markets and developing economies.”

Gopinath stressed the

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