Connect with us

Hi, what are you looking for?


US, Japan set for recovery in second half of 2021, IMF chief economist says

WASHINGTON — Economic stimulus approved in the United States and Japan at the end of last year will help to power a recovery in their economies in the second half of 2021, International Monetary Fund (IMF) chief economist Gita Gopinath said on Wednesday.

Ms. Gopinath told Yahoo Finance in a live interview that the US and Japanese rebounds may prompt upgrades of economic forecasts in some parts of the world. But she said the recovery in some developing countries could be delayed until 2022 by limited availability of coronavirus vaccines.

She repeated earlier remarks that the global economy is starting 2021 in a stronger position than anticipated last year due to a stronger-than-forecast performance in the third and fourth quarters. Ms. Gopinath, however, added that the outlook was clouded by a race between the surging coronavirus disease 2019 (COVID-19) pandemic and the worldwide vaccination campaign.

But the combination of a stronger starting point and new stimulus “should power recovery in the second half,” Ms. Gopinath told Yahoo Finance. “Based on the 2020 better-than-expected numbers, we should see an upgrade in some parts of the world.” That assumes that vaccines will be widely distributed by mid-year in those countries, she said, adding that those with limited access to vaccines will recover more slowly, including many developing economies.

The International Monetary Fund is expected to revise its World Economic Outlook forecasts on Jan. 26. In October, it forecast a 4.4% global GDP contraction for 2020, followed by a rebound to growth of 5.2% for 2021.  Reuters

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



WASHINGTON — US Securities and Exchange Commission (SEC) Chair Gary Gensler said that companies that help facilitate transactions in the cryptocurrency market should come...


Twitter owner and Tesla boss Elon Musk briefly lost his title as the world’s richest person on Wednesday, according to Forbes, following a steep...


BERLIN — The founder of Russia’s only LGBTQ+ museum said he was forced to close its doors on Wednesday after President Vladimir Putin signed...


Philippine lawmakers are looking to tap central bank profits to seed a proposed sovereign wealth fund, after an earlier plan to use pension funds...


Presidential elections drove this year’s Google searches in the Philippines as “Halalan 2022” topped the overall list of trending searches and “precinct finder” landed...


THE UNEMPLOYMENT RATE eased to 4.5% in October, returning to the record-low level last seen in October 2019 before the coronavirus pandemic hit, the...

You May Also Like


The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.