IMF forecasts 6% global growth this year as economies reopen

UPSC Practice recommends IMF forecasts 6% global growth this year as economies reopen.

Overall, the IMF said Tuesday that it expects the global economy to expand 6% this year – a dramatic bounce-back from the 3.2% contraction in the pandemic year of 2020. The IMF’s forecast, unchanged from its previous estimate in April, would mark the fastest calendar-year global growth in records dating to 1980.

Courtesy: News-Economic Times

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