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The following is a summary of points form the International Monetary Fund Outlook 2021: 

  1. Global economy is projected to grow by 5.5% in 2021 and 4.2% in 2022; 
  2. Economic collapse which was experienced in 2020 had an a serious adverse impact on women, the poor, the youth and the informally employed people across the globe; 
  3. The global economy contracted by -3.5 % in 2020; 
  4. Strong multi-lateral cooperation is needed in order to bring the pandemic under control everywhere including bolstering funding for the COVAX facility to accelerate access to vaccines; 
  5. Global trade volumes to grow by 8% in 2021 and 6% in 2022; 
  6. Approximately 90 million people are likely to fall below the extreme poverty threshold during the 2020/2021; 
  7. A large number of people are still unemployed and underemployed in many countries across the world; 
  8. Resources for health: There is need to secure adequate funding for vaccine buying, distribution, testing, therapies, personal protective equipment and investment in healthcare facilities; 
  9. Assistance from international community through technical know-how and equipment for those with low healthcare system capacity remains crucial; 

Read the complete REPORT

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