IMF Sees Global GDP in 2021 Slightly Below Prior Forecast of 6 Percent

Read MoreWASHINGTON–The International Monetary Fund expects global economic growth in 2021 to fall slightly below its July forecast of 6 percent, IMF chief Kristalina Georgieva said on Tuesday, citing risks associated with debt, inflation, and divergent economic trends in the wake of the COVID-19 pandemic. Georgieva said the global economy was bouncing back but the pandemic continued to limit the recovery, with the main obstacle posed by the “Great Vaccination Divide” that has left too many countries with too little access to COVID-19 vaccines. In a virtual speech at Bocconi University in Italy, Georgieva said next week’s updated World Economic Outlook would forecast that advanced economies will return to pre-pandemic levels of economic output by 2022 but most emerging and developing countries will need “many more years” to recover. “We face a global recovery that remains ‘hobbled’ by the pandemic and its impact. We are unable to walk forward properly–it is …