Vaccines will power 5.5% global economic growth in 2021

26 Janvier, 2021, 23:26 | Auteur: Auguste Feret
  • The IMF expects Covid-19 vaccines to be rolled out across most countries by the second half of 2022

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.

India's growth forecast for FY22 was revised significantly in IMF's latest World Economic Outlook report.

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.

Ottawa to Launch New Business Support Program, New Travel Restrictions En Route
Right now, a small proportion [of cases] are caused by Canadians coming back to the country. Discouraging non-essential travel is a message Trudeau has been repeating as of late.

Get Inspired With Apple's 'Time to Walk' Fitness+ Story Feature
Once enabled, a "Walk" workout automatically begins, and users can go at any pace depending upon their fitness level. The company specifically picked guests who are both good storytellers and actually enjoy walking.

Ayyappanum Koshiyum remake glimpse: Pawan Kalyan and Trivikram in action
The making video and its background score composed by Thaman S have added to the hype already created by fans of the Power Star. The Sithara Entertainments' production venture has been making the right noise ever since the film has been announced.

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".

Conseillé:

  • Two masks offer more protection against COVID-19, Fauci says

    Two masks offer more protection against COVID-19, Fauci says

    Anthony Fauci says it's likely wearing two masks during the pandemic offers more protection than just wearing one. But what about two masks? Double layering doesn't mean you should let your guard down.
    Shandro, Hinshaw to give COVID-19 update at 3:30

    Shandro, Hinshaw to give COVID-19 update at 3:30

    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.
    Italie: le gouvernement s'écroule, place aux consultations tous azimuts (afp)

    Italie: le gouvernement s'écroule, place aux consultations tous azimuts (afp)

    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.
  • Dale Moss Responds To Backlash From His Breakup

    Dale Moss Responds To Backlash From His Breakup

    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.
    Vanessa Bryant shares touching letter from Gianna's friend

    Vanessa Bryant shares touching letter from Gianna's friend

    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".
    Commission President warns AstraZeneca it must meet contractual obligations on vaccine supplies

    Commission President warns AstraZeneca it must meet contractual obligations on vaccine supplies

    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.
  • 216 new COVID-19 cases on Saturday

    216 new COVID-19 cases on Saturday

    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 .
    Australia bursts bubble with New Zealand

    Australia bursts bubble with New Zealand

    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.
    Facebook’s News tab arrives in the UK

    Facebook’s News tab arrives in the UK

    Facebook will also provide news digests and "original and authoritative" reporting during major news cycles. The Facebook app will also be available to browse news. - Reported by Ryan Brown of CNBC .
  • COVID Strain Reaches US From Brazil

    COVID Strain Reaches US From Brazil

    MDH says the infected person became ill during the first week of January and the specimen was collected January 9. The patient with the Brazil P.1 variant is a resident of the Twin Cities metro area.
    S.Korea Q4 GDP beats expectations, sets scene for strong 2021

    S.Korea Q4 GDP beats expectations, sets scene for strong 2021

    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.
    Covid-19 caused losses equalling 255 million jobs globally: ILO

    Covid-19 caused losses equalling 255 million jobs globally: ILO

    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.


Populaire

Ravens, Lamar Jackson to begin contract extension talks
This season, he proved he was capable of winning a playoff game by defeating the Tennessee Titans in the wild-card round. However, they should factor into the Super Bowl conversation for a long time to come.

Inside Kate Hudson's Relationship With Dad Bill Hudson
Asked if it has been an issue that has gnawed at her for a long time, she said: "It's a 41-year-old issue". Kate Hudson likes to keep it real in all aspects of her life, even the ones that aren't picture ideal .

De Jong steers Barca to Elche win without suspended Messi
Elche s big chance came just before the hour after Oscar Mingueza failed to control Samuel Umititi s awkward pass. Frenkie de Jong scored one goal and created another to send Barcelona third in La Liga with victory at Elche .

Germany's Altmaier Appeals to Taiwan to Boost Chip Supply
Worldwide auto manufacturers are forced to stop production due to the supply problems of the specific components. Subaru has suspended operations on some days at its sole Japanese production facility in Gunma Prefecture.

Mother admits killing disabled son in lockdown
Hours before killing Dylan, the Russian citizen had argued with her ex about his role in caring for their son, the court heard. Dylan's dad, celebrity and fashion photographer Dean Freeman, 57, was away in Spain at the time of his son's death.

FKA twigs further details abuse she allegedly suffered while dating Shia Labeouf
She stopped talking to family and friends. "That was the time when I realised, 'I need a lot of help to get out of this". Responding to the allegations, LaBeouf said: "I'm not in any position to tell anyone how my behavior made them feel".

Vancouver couple charged for travelling to remote Yukon community to get vaccinated
Beaver Creek is an isolated community of around 100 people, including members of the White River First Nation. But they apparently didn't, and were each fined $575. "That's got to be jail time.

Fb suspends Israel PM Benjamin Netanyahu-linked chatbot for breaking privateness guidelines
The country's borders have largely been closed to foreigners during the pandemic, with only Israeli passport holders allowed entry.

China reports decline in new COVID-19 cases
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.

Kansas coach Bill Self contemplating lineup changes after road loss to Oklahoma
Marcus Garrett had 21 points and 12 rebounds to lead the Jayhawks, who were limited to two offensive rebounds. The defeat saw Kansas losing three straight for the first time since the 2012-13 campaign.