IMF Managing Director Kristalina Georgieva speaks at a press conference in Washington D.C., the United States, on March 4, 2020.The IMF will lift its forecast for global economic growth in a report set for release next week.Still, developing economies are recovering far slower than advanced countries, she added.
The news isn't all good. Georgieva highlighted that, despite the broadly improved outlook, the global recovery remains uneven and gaps between countries could widen in the coming months. The US and China are likely to reach pre-pandemic levels of gross domestic product by the end of the year, but"they are the exception, not the rule," she said.
on March 18 to 6.1% from 5.3%, similarly citing stimulus and progress toward reopening. The estimate implies the strongest year of global growth since at least 1980.
Oh dear 'a shot in the arm ' 🙄
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