WASHINGTON (China Daily/ANN): The International Monetary Fund on Tuesday (April 6) predicted China's economy to grow at 8.4 per cent this year, which is 0.3 percentage point stronger than in its January forecast, while global growth is expected to reach 6 per cent in 2021, a higher-than-expected recovery that could face "daunting challenges" ahead.
More than a year into the Covid-19 pandemic, high uncertainty is still hovering over the path of the health and economic crisis, with recoveries diverging "dangerously" within and across countries, but a way out is "increasingly visible" thanks to vaccines and policy support, the IMF said in its latest World Economic Outlook (WEO).