Although recent vaccine approvals have raised hopes of a turnaround in the pandemic later this year, renewed waves and new variants of the virus pose concerns for the outlook. Amid exceptional ...
Discover the World Economic Outlook from the IMF, featuring global growth forecasts, inflation data, and economic insights that influence financial markets worldwide.
Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. The COVID-19 pandemic has had a more negative impact on activity ...
Explore the causes and implications of below full employment equilibrium, where short-run GDP falls below potential output, leading to resource underutilization.
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