IMF PREDICT POST COVID-19 WORLD ECONOMY GROWTH

The IMF has projected global economy growth at 6% in recent year 2021 and another 4.4% increament in 2022, its an estimated historic deficit of –3.3% in pre covid-19 year of 2020. But a bit more in April of 2021 World Economic Outlook. The Global expectations remain uncertain only one year into the pandemic. New virus mutations and the accumulation of human death toll raises huge concerns, even as growing vaccine coverage continue to yield positive results with minor scuttle in some patients blood clout.

Economic comebacks and lockdown lift are diverse across boarders and sectors, different variations of disruptions in a pandemic ravaged countries enjoyed variant in comeback growths and continual developments. The extent of economic growth depend largely on how supportive variant policies are.

The outlook depends not just on the outcome of the battle between the virus and vaccines, it also hinges on how effectively economic policies deployed under high uncertainty can limit lasting damage from this unprecedented crisis. Sometimes economic decisions and policies are huge determinant factors in this demands.

Hopefully, the world will be seeing the last of the deadly pandemic going forward. The entire universe have already suffered hugely from the devastating effects that comes with the corona virus, all quarters of the world is very eager to see the last of it so the world can move on from the devastating effects of the COVID-19.