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Unequal global recovery caused by COVID

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By the end of this year, the economies of the US and China are expected to be larger than they were before COVID-19 spread across the globe and led to an unprecedented rapid and sharp depression. It is an extraordinary recovery of economic activity even during the ongoing pandemic.

Alsosht also atypical in the global market.

The International Monetary Fund will release its latest World Economic Outlook on Tuesday next week. The group’s managing director gave a preliminary look last week that includes an improvement forecast for global economic growth from what the bank forecast just three months ago. But it will be far from full speed ahead.

The acceleration is driven mainly by the two largest economic engines in the world – China and America – big new US spending plans and the expansion of vaccines to more advanced economies.

However, the IMF is worried about a “very fast recovery”. He called the reaction in US and Chinese GDP “an exception, not a rule”. As financial stress often does, emerging market economies have borne the brunt of pandemic economic losses. Countries in Latin America and Europe also face slower recoveries as vaccinations have stalled, new variants of the virus have been developed, and restrictions have returned to some countries.

A threat to these separate assets that the bank will warn about is the higher level of American interest as the US economy takes steam. The Federal Reserve has pledged to be patient, but the bond market may not wait. Higher US interest rates could absorb foreign currency, attracting investment from emerging markets.

The IMF may not be a major market driver organization for investors. However, its roots lie behind the Great Depression as it works towards sustainable economic growth – the interest of every long-term investor.

Financial journalist Tom Hudson hosts “The Sunshine Economy” on WLRN-FM in Miami, where he is vice president of news. He is a former co-anchor and managing editor of Nightly Business Report on public television. Follow him on Twitter @HudsonsView.



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