Money Talks

IMF maintains global economic outlook at 6% for 2021 | Money Talks

The International Monetary Fund says the global economy is recovering at an uneven pace, with the gap between rich and poor countries expected to widen this year. The lender says it's a result of rising coronavirus infections from the Delta variant and inadequate vaccine access. And that could slow the global economic recovery in 2022. In its latest World Economic Outlook, the IMF says it expects global GDP to grow by 6 percent this year, unchanged from its April forecast. While next year's expansion will be slower at 4.9 percent. The fund says advanced economies are leading the recovery with the US and the UK both likely to grow by 7 percent. That's because they and other wealthy economies have had efficient COVID-19 vaccine roll-outs, and better fiscal support programmes. But the IMF has cut its growth forecast for emerging markets, where vaccine distribution has been slow. It says only 11 percent of people in developing countries are fully vaccinated. Many countries, including India, Indonesia, Brazil and Thailand, are also struggling to contain the the Delta variant. #IMF #GlobalEconomicOutlook #Pandemic

Picture This: Brussels Attacks Anniversary

Picture This: Brussels Attacks Anniversary

The Newsmakers: America's Anti-Terror Strategy

The Newsmakers: America's Anti-Terror Strategy

The Newsmakers: America's Anti-Terror Strategy and Australia Redefining Racism

The Newsmakers: America's Anti-Terror Strategy and Australia Redefining Racism

Showcase: 'I Am Not Madame Bovary'

Showcase: 'I Am Not Madame Bovary'

Biz in 60: Netflix subscriber outlook, S Korea-Egypt deal, US house market

Biz in 60: Netflix subscriber outlook, S Korea-Egypt deal, US house market

Netflix shares fall 20% on slowing subscriber growth

Netflix shares fall 20% on slowing subscriber growth

Turkiye's central bank keeps policy rate unchanged at 14%

Turkiye's central bank keeps policy rate unchanged at 14%

Biz in 60: Wall Street banks wages, Thailand travel rules, Australia unemployment

Biz in 60: Wall Street banks wages, Thailand travel rules, Australia unemployment

China's central bank cuts key lending rates amid economic woes

China's central bank cuts key lending rates amid economic woes

Biz in 60: UK inflation, Microsoft buys Activision Blizzard, Turkiye’s gaming industry

Biz in 60: UK inflation, Microsoft buys Activision Blizzard, Turkiye’s gaming industry

Asia-Pacific markets fall after overnight sell-off on Wall Street

Asia-Pacific markets fall after overnight sell-off on Wall Street

Biz in 60: UK unemployment, Activision sexual harassment probe, Wayve funding round

Biz in 60: UK unemployment, Activision sexual harassment probe, Wayve funding round

Brent futures in London climb above $87 a barrel, WTI tops $85

Brent futures in London climb above $87 a barrel, WTI tops $85

German economy grows 2.7% in 2021 as COVID-19 takes toll on output | Money Talks

German economy grows 2.7% in 2021 as COVID-19 takes toll on output | Money Talks

Biz in 60: Halkbank US prosecution, Credit Suisse chair resigns, 5G precautions

Biz in 60: Halkbank US prosecution, Credit Suisse chair resigns, 5G precautions

Chinese economy grows at slowest pace in 18 months in Q4

Chinese economy grows at slowest pace in 18 months in Q4

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