It becomes clear World Economic Outlook Released today. The International Monetary Fund estimates that the global economy as a whole will grow by 6 percent by 2021. January growth was considered 5.5 percent.
The forecast for January was slightly better than the 5.2 percent forecast by the International Monetary Fund in October.
U.S. Benefits from Biden Triggers
Confidence in the United States in particular has risen over the past three months. The International Monetary Fund expects the US economy to grow 6.4 percent this year, up from 5.1 percent in January. 3.5 percent growth is expected by 2022.
The International Monetary Fund believes the US economy will receive a strong boost from it Greidenbankate $ 1,900 billion ($ 1,600 billion) from President Biden’s government.
The eurozone is lagging behind
The International Monetary Fund is less optimistic about the eurozone than the United States. The eurozone economy is expected to grow by 4.4 percent this year. This is 0.2 percent higher than expected in January, but still lower than the 5.2 percent forecast by the International Monetary Fund in October.
America’s expectations are higher than the eurozone.
The International Monetary Fund estimates that by 2022, the eurozone will grow slightly by 3.8 percent over the United States. But measured together in two years, the United States is growing rapidly.
In addition, the eurozone economy contracted further last year: 6.6 percent, compared to 3.5 percent in the United States.
The forecast for the Netherlands has been reduced. The International Monetary Fund estimates that our economy will grow 3.5 percent this year and 3 percent next year. Last January the International Monetary Fund did not provide a forecast for the Netherlands, only for large countries.
In October, the fund still thought the Dutch economy would grow by 4 percent this year.
One reason for this may be that the International Monetary Fund thought in October that our country’s economy would shrink by 5.4 percent last year. But it’s not so bad, ‘only’ shrunk by 3.8 percent.