In its latest World Economic Outlook report, the International Monetary Fund noted that it forecasts the global economy to contract by 4.4% in June, compared to 5.2% contraction in June’s publication, as reported by Reuters.<\/p>\n\n\n\n
“IMF forecasts 2021 global growth at 5.2% vs 5.4% in June, forecasts use revised purchasing power parity weightings.”<\/p>\n\n\n\n
“IMF forecasts US 2020 contraction at 4.3% vs 8.0% in June; 2021 US growth at 3.1% vs 4.5% in June.”<\/p>\n\n\n\n
“IMF forecasts China 2020 growth at 1.9% vs 1.0% in June; china 2021 growth forecast unchanged at 8.2%.”<\/p>\n\n\n\n
“IMF forecasts eurozone 2020 contraction at 8.3% vs 10.2% in June; 2021 growth seen at 5.2% vs 6.0% in June.”<\/p>\n\n\n\n
“Improved forecasts due to somewhat less dire Q2 contraction, stronger-than-forecast Q3 rebound as advanced economies and China reopened.”<\/p>\n\n\n\n
“2020 contraction in emerging markets, excluding China, worsens to 5.7% from 5.0% in June forecast.”<\/p>\n\n\n\n
“Worse outlook for emerging markets ex-China reflect the continued spread of the virus, greater dependence on tourism, remittances, commodities, external finance.”<\/p>\n\n\n\n
“Industrial output rebounding in US, China, Europe and Brazil but services, consumer spending lagging, Q4 reopening momentum slowing.”<\/p>\n\n\n\n
“Countries should continue to support idled workers and firms to avoid ‘scarring’ that will reduce future growth potential.”<\/p>\n","protected":false},"excerpt":{"rendered":"
In its latest World Economic Outlook report, the International Monetary Fund noted that it forecasts the global economy to contract by 4.4% in June, compared to 5.2% contraction in June’s publication, as reported by Reuters. “IMF forecasts 2021 global growth at 5.2% vs 5.4% in June, forecasts use revised purchasing power parity weightings.” “IMF forecasts …<\/p>\n","protected":false},"author":9,"featured_media":31481,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6997,6998,6946],"class_list":["post-35385","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-economy","tag-global","tag-imf"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=35385"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35385\/revisions"}],"predecessor-version":[{"id":35386,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35385\/revisions\/35386"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31481"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=35385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}