IMF revises its global GDP forecast higher, but warns the economy ‘remains prone to setbacks’
The IMF’s projection assumes that social distancing due to the coronavirus pandemic will continue into 2021, and that local transmission will fall everywhere by the end of 2022.
National debt in advanced economies is set to reach 125% of GDP by the end of 2021 and to rise to about 65% of GDP in emerging markets during the same period.
