IMF cuts Italy's GDP estimates: in 2021 only + 3%. As in the Great Depression, 22 trillion billion burned

The estimates of the International Monetary Fund on the trend of the Italian economy in 2020 improve, but those on the expected rebound for Italy worsen. The Fund, which estimated a decline of 12.8% in national GDP for 2020, in the update of its World Economic Outlook now expects a decline of 9.2%, followed by a rebound of + 3% in 2021. October the IMF had estimated a recovery, for the current year, of + 6.3%. According to the IMF, there will be a rebound of + 3.6% in 2022. “The expected resumption of growth this year follows a severe collapse in 2020. Although the estimated collapse (-3.5%) is slightly less severe than we previously predicted (-4.4%) due to growth stronger than expected in the second half of last year, it remains the worst peacetime global contraction since the Great Depression. "Due to the partial nature of the rebound, more than 150 economies are expected to have per capita incomes below of 2019 levels in 2021. This number decreases only modestly to around 110 economies in 2022. At $ 22 trillion the cumulative production loss forecast for 2020-2025 compared to predicted pre-pandemic levels remains substantial. ”The International Monetary Fund improves the estimates on the trend of the global economy but warns not to let the guard down yet. "Although recent vaccine approvals have raised the hope of a turnaround in the pandas mia by the end of the year, new waves and new variants of the virus raise concerns for the prospects ”, writes the IMF in the update of its World Economic Outlook. "In the midst of exceptional uncertainty, the global economy is expected to grow by 5.5% in 2021 and 4.2% in 2022", writes the Fund again. The forecast for 2021 is revised up by 0.3 percentage points from the previous forecast, "reflecting expectations of a strengthening of vaccine-fueled activity over the course of the year and additional political support in some large economies."

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January 26, 2021 The estimates of the International Monetary Fund on the trend of the Italian economy in 2020 improve, but those on the expected rebound for Italy worsen.

The Fund, which estimated a decline of 12.8% in national GDP for 2020, in the update of its World Economic Outlook now expects a decline of 9.2%, followed by a rebound of + 3% in 2021. October the IMF had estimated a recovery, for the current year, of + 6.3%.

According to the IMF, there will be a rebound of + 3.6% in 2022.

“The expected resumption of growth this year follows a severe collapse in 2020. Although the estimated collapse (-3.5%) is slightly less severe than we previously predicted (-4.4%) due to growth stronger than expected in the second half of last year, it remains the worst peacetime global contraction since the Great Depression.

"Due to the partial nature of the rebound, more than 150 economies are expected to have per capita incomes below of 2019 levels in 2021. This number decreases only modestly to around 110 economies in 2022. At $ 22 trillion the cumulative production loss forecast for 2020-2025 compared to predicted pre-pandemic levels remains substantial. ”

The International Monetary Fund improves the estimates on the trend of the global economy but warns not to let the guard down yet. "Although recent vaccine approvals have raised the hope of a turnaround in the pandas

mia by the end of the year, new waves and new variants of the virus raise concerns for the prospects ”, writes the IMF in the update of its World Economic Outlook.

"In the midst of exceptional uncertainty, the global economy is expected to grow by 5.5% in 2021 and 4.2% in 2022", writes the Fund again.

The forecast for 2021 is revised up by 0.3 percentage points from the previous forecast, "reflecting expectations of a strengthening of vaccine-fueled activity over the course of the year and additional political support in some large economies."

IMF cuts Italy's GDP estimates: in 2021 only + 3%. As in the Great Depression, 22 trillion billion burned

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