The International Monetary Fund (IMF) has praised Pakistan’s improved economic activity and has maintained its world growth projection of 6% this year and 4.9 per cent next year.
Because of widespread Delta variation resulting in reduced economic activity, the IMF lowered India’s current year growth projection downward by three percentage points in its World Economic Outlook (WEO) update. According to the Fund, the global forecast for 2021 was unchanged from the April WEO but with offsetting revisions. By 2021, the outlook for emerging markets and developing economies has been lowered, particularly for emerging Asia. The projection for advanced economies, on the other hand, has been raised. These updates take into account pandemic trends as well as changes in policy support.
