Home|News|Photo|Opinions|CCYL|Fun|Fashion|Finance|Military|Sports|Employment|University|Travel|Discovery|Video|Games|Autos|Youth Inspring Stories
IMF revises down 2021 global economy forecast to 5.9 pct

Time:2021-10-18 15:47:00 Source: news.cn China Youth International

  

  The International Monetary Fund (IMF) Chief Economist Gita Gopinath speaks at a virtual press briefing during the annual meetings of the IMF and the World Bank Group in Washington, D.C., the United States, on Oct. 12, 2021. The International Monetary Fund (IMF) on Tuesday projected that the global economy would grow by 5.9 percent in 2021, down by 0.1 percentage point from July's forecast, according to the latest World Economic Outlook (WEO). (Xinhua/Liu Jie)

  WASHINGTON, Oct. 12 (Xinhua) -- The International Monetary Fund (IMF) on Tuesday projected that the global economy would grow by 5.9 percent in 2021, down by 0.1 percentage points from July's forecast, according to the latest World Economic Outlook.

  "The global recovery continues but momentum has weakened, hobbled by the pandemic," IMF Chief Economist Gita Gopinath told a virtual press briefing during the annual meetings of the IMF and the World Bank Group.

  Fueled by the highly transmissible Delta variant, the recorded global COVID-19 death toll has risen close to 5 million and health risks abound, "holding back a full return to normalcy," Gopinath noted.

  "Pandemic outbreaks in critical links of global supply chains have resulted in longer than expected supply disruptions, feeding inflation in many countries," she continued.

  Noting that overall risks to economic prospects have increased and policy trade-offs have become "more complex," the IMF chief economist said the "modest headline revision" for the global economy "masks large downgrades for some countries."

  "The outlook for the low-income developing country group has darkened considerably due to worsening pandemic dynamics," she said.

  Stressing that the "dangerous divergence" in economic prospects across countries remains a major concern, Gopinath said these divergences are a consequence of the "great vaccine divide" and large disparities in policy support. Enditem

Original Title:IMF revises down 2021 global economy forecast to 5.9 pct
Editor:
Online Dictionary:

About UsContact UsAdvertiseJobsIllegal Information Reporting Send qnb to 10658000 to order Mobile China Youthz

Organized by CCYL and Network Film & TV center of CCYL Copyright@China Youth International. All rights reserved.
信息网络传播视听节目许可证0105108号 京|ICP备11020872号-17 京公网安备110105007246
百度