{"id":43973,"date":"2021-04-06T21:30:49","date_gmt":"2021-04-06T17:30:49","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=43973"},"modified":"2021-04-07T03:04:09","modified_gmt":"2021-04-06T23:04:09","slug":"global-economy-to-recover-with-best-growth-since-1970s-imf","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/global-economy-to-recover-with-best-growth-since-1970s-imf\/04\/06\/market-updates\/","title":{"rendered":"Global Economy to Recover with Best Growth since 1970s: IMF"},"content":{"rendered":"\n<p>Developed economies are recovering from the pandemic at a better pace than previously estimated, according to the International Monetary Fund (IMF).<\/p>\n\n\n\n<p>The unprecedented high levels of public expenditure to combat the coronavirus pandemic is pushing the global economy towards a strong recovery.<\/p>\n\n\n\n<p>The IMF expects the global economy will grow by 6% in 2021, achieving the best growth rate since 1976, as it revised its growth forecast higher from 5.5%.<\/p>\n\n\n\n<p>Due to the recently approved $1.9 trillion stimulus package in the United States, the IMF expects the U.S. economy will grow by 6.4%, which will be its best growth rate since 1984.<\/p>\n\n\n\n<p>In addition, the world\u2019s economy has contracted by 3.3% in 2020, a decline that came better than previously expected at 3.5%, according to the international institution.<\/p>\n\n\n\n<p>Developed economies are expected to register a growth of 5.1%, compared with previous estimates of 4.3%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Developed economies are recovering from the pandemic at a better pace than previously estimated, according to the International Monetary Fund (IMF). The unprecedented high levels of public expenditure to combat the coronavirus pandemic is pushing the global economy towards a strong recovery. The IMF expects the global economy will grow by 6% in 2021, achieving &hellip;<\/p>\n","protected":false},"author":10,"featured_media":31061,"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":[6952,6946],"class_list":["post-43973","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-global-economy","tag-imf"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43973","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=43973"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43973\/revisions"}],"predecessor-version":[{"id":43974,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43973\/revisions\/43974"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31061"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=43973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=43973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=43973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}