Organiser
Get it on Google Play
Get it on Google Play

News Reports

Global economic recovery is continuing, but fault lines opened up by pandemic looking more persistent: IMF

WebdeskOct 13, 2021, 10:10 AM IST

Global economic recovery is continuing, but fault lines opened up by pandemic looking more persistent: IMF

IMF report said that GDP growth in the first half of 2021 was broadly in line with expectations, but growth momentum weakened in the second quarter, weighed down by increasing infections in many emerging markets and developing economies and by supply disruptions.

           

Washington: The International Monetary Fund (IMF) on Tuesday (October 12) noted that although the global economic recovery is continuing, the fault lines opened up by the Covid-19 pandemic are looking "more persistent."

"The global economic recovery is continuing, even as the pandemic resurges. The fault lines opened up by COVID-19 are looking more persistent-near-term divergences are expected to leave lasting imprints on medium-term performance," said the IMF in the World Economic Outlook report.

In a quarterly update, IMF said that the global economy is projected to grow 5.9 per cent in 2021 and at 4.9 per cent in 2022.

"The downward revision for 2021 reflects a downgrade for advanced economies-in part due to supply disruptions-and for low-income developing countries, largely due to worsening pandemic dynamics," IMF said.

IMF report said that GDP growth in the first half of 2021 was broadly in line with expectations.

"Outturns for first-quarter global GDP were stronger than anticipated, reflecting continued adaptation of economic activity to the pandemic and associated restrictions as well as ongoing policy support in many countries."

However, the report added that growth momentum weakened in the second quarter, weighed down by increasing infections in many emerging markets and developing economies and by supply disruptions.

"Overall, the balance of risks for growth is tilted to the downside. The major source of concern is that more aggressive SARS-CoV-2 variants could emerge before widespread vaccination is reached," the report said. Courtesy: ANI

Comments

Also read: Manava Seva Madhava Seva: Seva Bharati intensifies relief operations in Kootikal ..

Sachindra Nath Sanyal: The One Who Engineered Armed Resistance Against The British

Download Organiser Mobile App:
Mobile App: https://play.google.com/store/apps/de...

Visit Us At:
Website: https://www.organiser.org/

Follow us on:
Facebook: https://www.facebook.com/eOrganiser

Koo: https://www.kooapp.com/profile/eOrganiser

Twitter: https://twitter.com/eOrganiser

Telegram: https://t.me/eorganiser

Instagram: https://www.instagram.com/organiser_weekly

Background Music Credits: https://www.bensound.com

Also read: Bangladesh Violence: Planned Pogrom of Eliminating Hindus ..

India hands over Jaynagar-Kurtha Cross-Border Rail Link To Nepal
New CPC chairman in Tibet responsible for mass detention, suppression of Uyghurs, says the Central Tibetan Administration

Afghanistan: Taliban's bid to implement 'Islamic teachings' hurt Afghan students

  Kabul: One of the greatest threats of the Taliban's coming back to power was that the group would bring in a radical form of Islamic teachings in Afghanistan and the intuitions seem to be getting true in the country.  With the recent developments in Afghanistan, it is not a surprise that the Taliban formed 'government' is trying to kill the present system of fair and formal education for Afghan people, Author Valerio Fabbri wrote in an article in Geo-Political. Case ...

Afghanistan: Taliban's bid to implement 'Islamic teachings' hurt Afghan students