The International Monetary Fund notes that the US economy is growing at its fastest rate since 1984 and that will have an annual increase of 6.4 %; warns that many countries will lag behind
For the International Monetary Fund (IMF) the stimulus package of President Joe Biden’s $ 1.9 Billion and Covid Vaccine Advancement – will strengthen the United States economy and drive faster global growth this year .
For the institution, the largest economy in the world will exceed its size prior to the pandemic, since the growth will reach 6.4% , a figure that is 1.3% above the forecast made by the group last January.
The IMF pointed out in a report that the vaccination against coronavirus and massive government stimulus will combine this year to produce the rate fastest annual growth of United States from 1984, when Ronald Reagan was president.
However he warned that many countries will have to wait until 2021 or 2023 to recover the production lost during the pandemic , given the marked differences in the rate of vaccine application, the degree of support for economic policy, and structural factors such as dependence on tourism .
The IMF report indicates that the rebound of States United will help the global economy expand by 6% in . In fact, he stressed that there are already signs that the country’s recovery is gaining speed, as employers added 1200, 03 jobs in March, the manufacturing sector is advancing, and the ISM index, which focuses on measuring this sector, recently published his best reading since 1983.
According to IMF information, some Asian countries will outperform the economic growth of the United States, as it expects that China, the only major economy that avoided the recession last year, has a growth of 8.4% and that of India .5%.
Regarding immediate future uncertainties, the Fund acknowledged that “ Further progress in vaccines It can raise the forecast (of growth). While the new variants of the virus that evade vaccines can lead to a sharp decrease ” .
With information from CNN
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