UP

IMF forecasts stronger recovery for world economy

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

The International Monetary Fund is now forecasting a stronger economic recovery this year and next.

Axar.az reports that the IMF has upgraded both its UK and global forecasts compared with what it projected in January.

But the British economy is still predicted to return to its pre-pandemic level of activity only in late 2022.

The agency also warns that recoveries are diverging dangerously within and between countries.

The new UK forecast is for growth of 5.3% this year and 5.1% in 2022. Both figures are upgrades, though the latter is only marginally higher than the January forecast.

The recovery follows last year's pandemic driven contraction of 9.9% which was the deepest of any of the G7 major developed economies.

Date
2021.04.07 / 09:00
Author
Axar.az
Comments
See also

The price of oil today

Oil became cheaper

Decision on discount rate from FED

Oil became more expensive

Oil continues to rise in price

Oil started the week with this price

Oil ended the week at this price

Oil exceeded 85 dollars

Azerbaijan currency rates

Oil rose again

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla