The world economy is predicted to grow rapidly

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The world economy is predicted to grow rapidly

07.04.2021 News

The world economy will grow faster this year than expected at the end of last year. The chief economist of the IMF Gita Gopinat announced this on Tuesday, April 6.

“We now forecast a stronger recovery of the world economy in 2021 and 2022 compared to our previous forecast in January, with growth to 6% in 2021 and 4.4% in 2022,” she said.

Earlier it was assumed that the current growth will not exceed 5.5%, and next year will be 4.2%.

Thus, the IMF has raised its forecast for China’s economic growth in 2021 to 8.4% from 8.1%, in 2022 expects growth of 5.6%.

The fund continues to improve significantly its estimate of India’s GDP growth this year – to 12.5% ​​(it was 11.5% in January and 8.8% in October), next year expects a rise of 6.9%.

The Brazilian economy, according to the IMF, will grow by 3.7% (it was 3.6%), in 2022 – by 2.6%.

The growth of the US economy in 2021 will accelerate to 6.4% (preliminary forecast – 5.1%), in 2022 it will be 3.5% (January – 2.5%).

Estimates of economic growth in the euro area have risen to 4.4% from 4.2% (more active growth was forecast in October – by 5.2%), in 2022 is expected to be 3.8%.

The UK economy, according to the IMF, will grow in 2021 by 5.3% (forecast improved by 0.8 percentage points), in 2022 – by 5.1%; Japan – by 3.3% (preliminary estimate – 3.1%), in 2022 – by 2.5%.

The growth of the Russian economy in 2021 is expected to be 3.8% from the 3% expected by them in January and 2.8% projected in October last year.

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