The International Monetary Fund (IMF) sets new economic forecasts for the world economy. The picture is probably a little less gloomy than the fund outlined in October. But the big question is to what extent the new calculation takes account of the increasingly stringent lock-down measures in many European countries. They are currently in the way of economic recovery.
IMF chief Kristalina Georgieva recently hinted at slightly upward revisions of the earlier forecasts. It happens mainly due to the many positive economic figures that have appeared in recent months for the third quarter of last year, when many countries recovered from the first quarantines. Countries have also recently begun vaccinating their populations against the coronavirus.
In the previous estimates, the Washington organisation assumed that the global economy would be hit by 4.4% by 2020. And by 2021, 5.2% recovery would be possible. “This crisis is far from over,” said IMF chief economist Gita Gopinath. She also feared that almost 90 million people would end up in extreme poverty by 2020.
