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IMF lifts 2021 global growth forecast to 6.0 percent

The International Monetary Fund (IMF) said on Tuesday it has raised its global growth forecast for 2021 to 6.0 percent from the previous expectations of 5.5 percent growth. However, the organization noted growth is set to slow to 4.4 percent in 2022.

NEWS IN ENGLISH 06.04.2021, 17:03
IMF lifts 2021 global growth forecast to 6.0 percent
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 "So relative to our January forecast, we are upgrading growth to 6 percent for 2021 and 4.4 percent for 2022. This reflects the additional financial support provided in the United States, vaccination efforts that are going to lead to a strengthening of recovery in the second half of this year, and also the continued resilience of economic activity to the pandemic in many parts of the world," IMF chief economist Gita Gopinath stated.
According to Gopinath, the projections could be revised downwards in case of an emergence of new Covid-19 variants "that evade the vaccine." Still, she added that faster vaccination rollout could boost future projections.
Treasury Secretary Janet Yellen addressed the United States' role in the post-pandemic global economic recovery on Monday at the Chicago Council on Global Affairs, saying that the US prosperity depends on stable and flourishing financial systems in other countries. 
The statement comes as an effort to promote global minimum corporate taxation, on which Yellen is working with G20 members to end a "30-year race to the bottom on corporate tax rates."

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