IMF Sees Global GDP in 2021 Slightly Below Prior Forecast of 6 Percent

IMF Sees Global GDP in 2021 Slightly Below Prior Forecast of 6 Percent
International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a joint news conference at the end of the Summit on the Financing of African Economies in Paris, France, on May 18, 2021. Ludovic Marin/Pool via Reuters
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WASHINGTON—The International Monetary Fund expects global economic growth in 2021 to fall slightly below its July forecast of 6 percent, IMF chief Kristalina Georgieva said on Tuesday, citing risks associated with debt, inflation, and divergent economic trends in the wake of the COVID-19 pandemic.

Georgieva said the global economy was bouncing back but the pandemic continued to limit the recovery, with the main obstacle posed by the “Great Vaccination Divide” that has left too many countries with too little access to COVID-19 vaccines.