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World Economic Outlook forecasts recovery

The latest “World Economic Outlook” published on Tuesday 26th of January by the International Monetary Fund is predicting that the global economy is expected to grow by 5.5% in 2021 This represents an increase of 0.3 percentage points when compared to the previous forecast in October. The current forecast is predicting more positive growth in 2022 with a further 4.2% expansion of the global economy. The worlds advanced economies are expected to show strong regrowth with projections of 4.3% in 2021 and over 3% in 2022 an improvement on the IMF forecast from October.

Leading the forecasted growth rates are the worlds emerging markets which are forecas