Monthly Overview

4 May 2021

The global economic outlook improved markedly during the early months of the year. In its April update of the World Economic Outlook, the IMF forecasts a stronger recovery for the global economy, with growth projected at 6% y/y in 2021. The upward revision to global growth for 2021 and 2022 is attributable to improved growth estimates for advanced economies, led by the United States, which is expected to grow by 6,4% this year.

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