Vaccines will power 5.5% global economic growth in 2021
26 Janvier, 2021, 23:26 | Auteur: Auguste Feret
It sees the global economy losing $22tn in output from 2020-2025 relative to pre-pandemic projected levels.
The International Monetary Fund said Tuesday that the global economy is projected to grow 5.5 pct in 2021, up by 0.3 percentage point from its forecast in October past year. "Notable revisions to the forecast include the one for India (2.7 percentage points for 2021), reflecting carryover from a stronger-than-expected recovery in 2020 after lockdowns were eased", International Monetary Fund said.
The faster recoveries in advanced economies were partly due to their more expansive policy support and quicker access to vaccines, but new waves of infections and problems with vaccinations still posed risks, she noted.
Services trade is expected to recover slower than merchandise volumes, which is consistent with subdued cross-border tourism and business travel until Covid-19 transmission declines everywhere, it said.
Such an expansion would match 2007 as the best in four decades of data and follow an upwardly revised 3.5% contraction previous year, which would still be the worst peacetime decline since the Great Depression.
Close to 90 million people are likely to fall below the extreme poverty threshold during 2020-2021, with the pandemic wiping out progress made in reducing poverty over the past two decades. After sinking 3.5% in 2020, the worst year since World War II, the global economy will grow 5.5% this year, the 190-country lending organization predicted.
Newly-installed President Joe Biden is pushing for another massive rescue plan costing $1.9 trillion that would provide further support to families, businesses and struggling state and local governments.
The IMF report suggested that India will be the only major economy to register a double-digit growth this year, followed by China, which is expected to grow by 8.1% in 2021.
The IMF lowered its forecasts for the 19-country euro area and the United Kingdom for this year - still pointing to growth, just less than it expected last fall, and in contrast to a brightening picture in the US and the rest of the world.
The IMF said that there is a great deal of uncertainty around its forecast.
"IMF says low-income countries need support through grants, loans and debt relief; debt restructuring may be unavoidable for some".
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In accordance with this, travellers must remain in isolation until their second COVID-19 test comes back negative. He says the current health guidelines are critical in limiting the spread of the new, more contagious variants.
Conte pourra offrir de nouveaux fauteuils ministériels en monnaie d'échange, la difficulté d'élargir sa majorité reste entière. La réunion a duré environ une demi-heure, puis le Premier ministre démissionnaire est parti au Sénat.
The publication reported that Dale's alleged side piece is Eleonora Srugo - a New York City real estate agent. He wrote: 'I wanted to share with you all that Clare and I have made a decision to go our separate ways.
She continued: "I will never understand why/how this tragedy could've happened to such lovely , kind and awesome human beings". The lovely letter talked about some of the fun times Aubrey spent with Gigi , calling her "kind, caring and endlessly polite".
The company said the United Kingdom's Joint Committee on Vaccination and Immunisation supported the vaccine's use in the elderly. The Pfizer vaccine is manufactured in Europe but the bulk of the AstraZeneca vaccine is manufactured in the UK.
The current five-day COVID-19 test positivity rate is 9.8 per cent provincially and 6.5 per cent in Winnipeg . For information on COVID-19 symptoms and guidance on when you should be tested, visit manitoba.ca .
The travel bubble between Australia and New Zealand had opened in October 2020, though it was a one-way arrangement. To date, that has not unearthed any new positive tests, including from 16 identified close contacts.
The immunization campaign will start next month; health authorities plan to achieve herd immunity in November. That figure was down from 2.1% in the third quarter, but ahead of most economists' expectations.
One path leads to an uneven, unsustainable, recovery with growing inequality and instability, and the prospect of more crises. It stressed the need for more support to poorer countries with fewer resources to promote employment recovery.
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Several online articles and blogs have explored questions regarding the effectiveness of the Pfizer-BioNTech vaccine. They use a newer technology than the more traditional approach of the Chinese vaccines now in use.