IMF Projects 6% Global Economic Growth in 2021

Economics & Macro

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Andrea Lidwina 07/04/2021 09:00 WIB

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The IMF projects global economic growth of 6% in 2021. This figure is significantly better than last year's -3.3% contraction due to the COVID-19 pandemic.

IMF's 2021 Economic Growth Projection (April 2021)

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IMF Projects 6% Global Economic Growth in 2021

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IMF's 2021 Economic Growth Projection (April 2021)

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The International Monetary Fund (IMF) projected global economic growth of 6% in 2021. This figure is significantly better than last year's negative 3.3%, which resulted from the COVID-19 pandemic.

Developing economies in Asia are predicted to experience the highest growth this year, at 8.6%. The United States follows with a projected 2021 economic growth of 6.4%.

The Latin American and Caribbean region is projected to have economic growth of 4.6% in 2021. Europe's economic growth is expected to reach 4.4% this year.

The Middle East and Central Asia region is predicted to have economic growth reaching 3.7% in 2021. Meanwhile, Sub-Saharan Africa's economic growth in 2021 is projected to reach 3.4% this year.

Editor : Dimas Jarot Bayu

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."