The International Monetary Fund is more optimistic about global growth

(ABM FN-Dow Jones) The International Monetary Fund is more positive about global growth in 2021, according to the IMF’s New Economic Estimates on Tuesday.

According to Gita Gopinath of the International Monetary Fund, the pathway out of “the economic and health crisis is increasingly clear”. However, the economist warned that the outlook is highly uncertain and depends on the race between the Coronavirus and vaccines.

The International Monetary Fund does not believe that higher US interest rates will be a problem for other countries unless markets feel that the Federal Reserve needs to suddenly tighten monetary policy. So clear communication remains essential, according to the International Monetary Fund, which also believes that inflationary pressures will remain contained in many countries.

In January, the International Monetary Fund was still expecting the global economy to grow by 5.5 percent, which has now risen to 6 percent. The major economic powers, China and America, are also growing faster than expected three months ago.

China’s GDP will rise 8.4 percent from 8.1 percent in 2021, according to the International Monetary Fund, and growth in the United States has been revised from 5.1 to 6.4 percent.

The economy in the eurozone will grow by 4.4 percent in 2021, according to the International Monetary Fund, where it was previously estimated at 4.2 percent. The projected growth for the United Kingdom was revised upward from 4.5 to 5.3 percent, and for Japan, from 3.1 percent to 3.3 percent.

According to the International Monetary Fund, the global economy will grow by 4.4 percent in 2022. In addition, growth in the United States will drop to 3.5 percent next year and the International Monetary Fund expects growth of 3.8 percent in the euro area. China is then expected to grow by 5.6 percent.

ABM Financial News; info@abmfn.nl; Revised text: +31 (0) 20 26 28999.