IMF Upgrades Global Growth Outlook as Some Coronavirus Clouds Begin to Clear

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Arti­cle con­tent The Inter­na­tion­al Mon­e­tary Fund raised its out­look for glob­al eco­nom­ic growth again on Tues­day, fore­cast­ing world­wide out­put would rise 6% this year, a rate unseen since the 1970s, thanks large­ly to the unprece­dent­ed pol­i­cy respons­es to the COVID-19 pan­dem­ic. That upgrade, from 5.5% less than three months ago, large­ly reflects a rapid­ly bright­en­ing out­look for the U.S. econ­o­my, which the IMF now sees grow­ing by 6.4% in 2021, the fastest since the ear­ly 1980s. That’s up 1.3 per­cent­age points from the IMF’s 5.1% pro­jec­tion in late Jan­u­ary and near­ly dou­ble the rate it esti­mat­ed in Octo­ber. The IMF fore­cast, if realized, …

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