IMF raises world economic growth forecast to 5.5%

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26.01.2021 - 16:30

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The International Monetary Fund has revised upwards its forecast for growth in the world's economy this year, based on the rollout of vaccines and financial support packages deployed by governments.

In an update to its World Economic Outlook published today, the IMF predicts the world's economy, in GDP terms, will grow by 5.5% this year, up 0.3% on its forecasts made last year.

It believes growth last year fell by 3.5% which is an improvement on its earlier forecasts for a fall of 4.4%. This was due to recovery across several economies in the second half of 2020.

The IMF noted a "severe collapse" in certain sectors last year which had its most acute adverse impact on women, younger workers, the poor and casually employed, particularly

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Sri Lanka’s Sirisena hopes for a Korean unification during World Summit 2022

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Canadian protesters continue to occupy key trade bridge

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Trucker protests: Demonstrators gather in Ottawa for 3rd weekend in a row

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Navy seizes 2 Indian trawlers and detains 12 Indian fishermen for illegally entering Sea of Sri Lanka

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Convoy vehicles break through RCMP barricades as B.C. border crossing effectively closed

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Kerala's active Covid cases dip; 15,184 new cases in 24 hrs. Details here

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India covid-19 death reports

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

IMF raises world economic growth forecast to 5.5%

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