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The International Monetary Fund said on Tuesday that the global economy is recovering faster than expected from the Corona virus pandemic, according to the Voice of America website.
The fund said the global economy is expected to grow 6% this year, a significant increase after the sharp drop of 3.3% last year during the worst months of the Corona outbreak.
Gita Gopinath, chief economist at the International Monetary Fund in Washington, said the improved economic outlook “reflects additional financial support being provided to the United States, vaccination efforts that will boost recovery in the second half of this year, as well that resilience continues. From economic activity to pandemic. “In many parts of the world.”
The United States announced last week that it added 916,000 additional jobs in March. On Tuesday, the Department of Labor said jobs in the United States reached their highest level in two years in February, 5.1% higher than the level before the pandemic.
But Gopinath pointed out that there is still a high degree of uncertainty in the IMF’s forecast because the epidemic has yet to be overcome and the number of virus cases is accelerating in many countries.
“Economies characterized by slower vaccine delivery, limited political support and greater reliance on tourism are less successful,” the International Monetary Fund said.
Gopinath added: “The biggest risk at the moment is still the epidemic. If there are new viral variants that may not be affected by the vaccine, it can lead to a sharp drop in the level of the vaccine. , on the other hand, if there is a more rapid introduction of vaccinations, it could lead to increased expectations. “
“The second big risk is in financial conditions. We are seeing a multi-speed recovery, we have seen interest rates rise. If interest rates rise in a more disruptive way, it could have negative effects on many. countries, especially for some very vulnerable emerging and developing economies, ”she added.
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