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Ireland Economic Forecast: IMF expects stronger global economic growth

16:10  06 april  2021
16:10  06 april  2021 Source:   ksta.de

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Despite the continuing Corona pandemic, the International Monetary Fund (IMF) has raised its global economic forecast for this and coming year. Powered by a recovery in the industrialized countries, the global economy is to grow by 6 percent by 6 percent in 2021 and by 4.4 percent in the coming year, as the IMF announced on Tuesday. At the last forecast in January, he had expected growth of 5.5 percent for this year and 4.2 percent for 2022.

Die Sonne leuchtet am Morgen in der HafenCity Gebäude und Baukräne an. © Daniel Bockwoldt / DPA The sun lights in the morning in the HafenCity building and construction cranes.

The stronger growth is mainly due to the Corona vaccinations, the adaptability of the economy and measures to support the economy, such as IMF Chief Volkswirt Student Gita Gopinath. Because of the pandemic, the forecast is associated with great uncertainty, but "a way out of this health and economic crisis is becoming increasingly visible".

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Growth is strongly pushed from development in the US this year: IMF's world's largest economy raises its prognosis by 1.3 percentage points to 6.4 percent thanks to the successful vaccination campaign and a large economic stimulus package. For 2022, the IMF expects a percentage point higher growth of 3.5 percent.

For the Eurozone, the IMF lifts its forecast for this and coming year by 0.2 points each: 2021 the economic output is expected to grow by 4.4 percent and 2022 by 3.8 percent. In Germany, gross domestic product is expected to grow by 3.6 percent in the current year - an increase of 0.1 points. (dpa)

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