Economy on the path to recovery, says IMF MD

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Economy on the path to recovery, says IMF MD
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Washington, April 8

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A day after the International Monetary Fund forecast a world progress of 6 per cent for this 12 months, IMF managing director Christine Georgieva mentioned after the worst international recession since the second World War, the restoration was below means.

The outlook, she asserted, was brighter as a result of hundreds of thousands of individuals had been benefiting from vaccinations and due to additional coverage help, particularly in the US.

Georgieva mentioned this was including to the distinctive and coordinated actions taken over the previous 12 months. “Without them, without those fiscal and monetary measures, the global contraction last year would have been three times worse. This could have been another great depression,” she famous.

“We have a good news that there is light at the end of the tunnel,” Georgieva advised reporters. — PTI

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