12.4 C
Athens
Saturday, 6 March, 2021

IMF: Growth of 5,5% for the global economy and 4,2% for the Eurozone

✚ ATHENS

Another "Pocket Park" of 750 sq.m. is ready. in Pagrati

It is the third "Pocket Park" that is completed in Athens and now establishes a new tactic in the use of public space. In an abandoned place ...

Ten years without Miltiadis Evert

The companions and all those who had met him several times in a social and journalistic context, speak of an honest, dynamic and open-hearted man. Others remember ...

Innovathens: Online Discussion on Personal Data Protection 

Online Discussion on Personal Data Protection (GDPR) and Innovation On the occasion of the European Day for the Protection of Personal Data, the non ...

The second "pocket park" in Athens is ready

The second "pocket park" is handed over by the Municipality of Athens to the inhabitants of the city and specifically of Kolonos. A small oasis of greenery in the heart of the neighborhood, ...

Strefi hill is once again a place of walk and recreation

Another emblematic area of ​​Athens, it comes out of lethargy and abandonment. The hill of Strefi that has been connected to the promenade, the ...

The International Monetary Fund predicts a higher recovery of the world economy in 2021 compared to last October. Specifically, he estimates that the global economy will grow this year at a rate of 5,5% compared to 5,2% estimated in October, while for 2022 he kept unchanged his forecast for growth of 4,2%. However, according to a report by the Fund (World Economic Outlook Update) released today entitled "Support from policies and vaccines is expected to increase activity", the improvement for 2021 is mainly based on the best forecasts for the course of the American and Japanese economies. On the contrary, for the Eurozone economy, the IMF forecasts a lower growth rate in 2021, namely 4,2% compared to 5,2% forecast in October, while for 2022 it forecasts growth of 3,6% versus 3,1%, respectively.

The recovery of the world economy this year will come after a strong contraction in 2020, which the IMF estimates, however, lower than in October and specifically at 3,5% compared to 4,4%, due to, as it states, the stronger than the expected dynamics in the second half of last year. The Fund forecasts differences in the recovery of developed economies, with the US and Japanese economies expected to recover in the second half of 2021 the level of GDP they had at the end of 2019 (before the coronavirus crisis), while its GDP Eurozone and Britain are expected to remain lower in 2022 than at the end of 2019. The forecast for the US recovery this year has been revised upwards by two percentage points - to 5,1% from 3,1% in October - reflecting strong momentum in the second half of 2020 and additional support from the fiscal package of December 2020. Respectively, the upward revision of the Japanese economy to 3,1% from 2,3% is mainly due to the additional impetus from fiscal measures in By contrast, the downward revision of the outlook for the Eurozone economy reflects the slowdown in It is expected to continue in early 2020 amid growing coronavirus cases and new lockdowns.

The IMF points to the dangers surrounding its forecast for recovery, noting that "although recent vaccine approvals have raised hopes of a reversal of the pandemic later this year, new waves and new mutations in the virus raise concerns about the outlook. ». It therefore emphasizes that policies should ensure effective support until the recovery is consolidated, with an emphasis on progress on critical factors for potential GDP growth, ensuring equitable growth and accelerating the transition to a more sustainable one. green economy.

Source: RES-EIA

News bulletin at 00:00

Experts are concerned about the vertical increase in cases in just one week. According to Professor of Pediatric Infectious Diseases Vana Papaevangelou on February 26, we had 12.000 ...

Screening in New York cinemas again, a year later

There were a few hundred enthusiasts waiting patiently in the cold this morning to enter the dark rooms of New York, after the leave ...

Merkel: Only through dialogue and on the basis of international law can the differences in whether be resolved. Mediterranean

"Only through dialogue and on the basis of international law" can the disputed issues in the eastern Mediterranean be resolved, Chancellor Angela Merkel stressed ...

News bulletin at 23:00

Experts are concerned about the vertical increase in the number of cases in just one week. According to Professor of Pediatric Infectious Diseases Vana Papaevangelou on February 26, we had 12.000 ...

Olympiacos returned to victories

Olympiakos prevailed with a score of 94-79 of the Red Star at SEF for the 28th game of the Euroleague and returned to success after 7 ...

Tentoglou is at the top of Europe

Miltos Tentoglou became European Champion for the second time in a row in the long jump, winning the gold medal with a performance of 8.35m in the European Championship ...

News bulletin at 22:00

Again over two thousand and today the cases. Record in intubation as well. According to EODY in the last 24 hours there were 2.215, of ...

IT HAPPENS IN ATHENS

Award of Athens from the CDP Europe Awards for its actions aimed at the green recovery

The Municipality of Athens continues to give a dynamic presence in major social "forums" of Europe, presenting its proposals that ensure a sustainable future ...

International Women's Day in Athens 9.84

International Women's Day, March 8, marks the daily struggles of women around the world and the ongoing effort to promote their rights. Simultaneously,...

The merchants of Varvakeio proceeded to a symbolic closing

The traders of Varvakeio market proceeded to a symbolic closing of their stores on Friday, asking to be excluded from the latest "unfair" as they characterize restrictively ...

Gathering of students in the Propylaea

Students gather in the Propylaea, demanding that the law of the Ministry of Education on higher education not be implemented. Victor Antonopoulos

Voluntary blood donation in the Municipality of Moschato - Tavros on March 10 and 17

Another voluntary blood donation is organized by the Municipality of Moschato Tavros on Wednesday, March 10 at KAPI Moschatou (Ioannis Chalkidis 21) and on Wednesday, March 17, ...