Covid-19: the global economy could lose 22 trillion dollars, according to the IMF

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It is a "substantial loss" explained the chief economist of the organization Gita Gopinath.

But stronger than expected growth could mark this year, thanks to the accelerated deployment of vaccines.

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Ultimately, it will be $ 22 trillion less for global GDP between 2020 and 2025. This is the “

substantial

difference

between the projections made before and after the epidemic.

Its effects will continue for a few more years, especially since the pandemic is still not under control, or even regaining strength, as in the United Kingdom.

Europe, with its containment measures, is seeing the potential return of its economy to pre-crisis levels postponed until 2022.

However, the IMF expects a rebound of 5.5% of global GDP against 5.2% three months earlier.

But it is still necessary that the vaccination continue quickly and concerns the greatest number by 2022 and that the massive aid plans of the governments continue.

The small rebound in growth forecasts in 2021 is also based on the recovery in China (which is showing more than 8%) and the expected effect of US stimulus plans.

Trump's and Biden's upcoming one.

US growth could post a proud 5.1% growth this year.

Provided that aid is not withdrawn prematurely, especially for the most vulnerable populations.

It is they, recalls the chief economist of the IMF, who bear disproportionately the burden of the crisis.

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  • Coronavirus

  • Economic crisis