- IMF raises 2021 global growth forecast to 5.5 percent from 5.2 percent in October forecast
Market news
26 January 2021
IMF raises 2021 global growth forecast to 5.5 percent from 5.2 percent in October forecast
- Projects 2022 global growth of 4.1 percent
- Estimates 2020 global growth contraction at -3.5 percent, 0.9 percentage point higher than projected in its previous forecast
- Says renewed waves and new variants of the virus pose "exceptional uncertainty" about the outlook
- Notes that strength of recovery is seen to vary significantly across countries, depending on access to medical interventions, effectiveness of policy support, exposure to cross-country spillovers, and structural characteristics entering the crisis
- Forecasts global trade volumes to grow about 8 percent in 2021, before moderating to 6 percent in 2022, following a 9.6 percent decline in 2020
- Sees U.S. growth of 5.1 percent in 2021 (up from 3.1 percent seen in October) and 2.5 percent in 2022 (down from 2.9 percent in October)
- Sees China's growth of 8.1 percent in 2021 (down from 8.2 percent in October) and 5.6 percent in 2022 (up from 5.8 percent in October)."
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