Economics
IMF to Upgrade World Growth Outlook on U.S. Stimulus, Vaccines
- U.S., China poised to recovery more quickly than most nations
- Uncertainty remains for vaccine application speed, new strains
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The International Monetary Fund next week will upgrade its forecast for global economic growth -- driven by improved outlooks for the U.S. and China -- while warning of high uncertainty and new virus strains that threaten to hold back the rebound.
Economic expansion this year will be higher than the IMF’s January projections of 5.5%, Managing Director Kristalina Georgieva said on Tuesday in a speech previewing the fund’s spring meetings next week. Expansion in 2022 also will be higher than the IMF’s prior forecast of 4.2%, she said. The fund is scheduled to publish its updated World Economic Outlook on April 6.