International Monetary Fund (IMF) chief economist Gita Gopinath said that despite a strong return in demand, ‘the supply side has not been able to come back as quickly,’ hampered in part by the spread of the Delta variant of Covid-19, which has made workers reluctant to return to their jobs. Photo: AFP
International Monetary Fund (IMF) chief economist Gita Gopinath said that despite a strong return in demand, ‘the supply side has not been able to come back as quickly,’ hampered in part by the spread of the Delta variant of Covid-19, which has made workers reluctant to return to their jobs. Photo: AFP

Global economic recovery ‘really quite unique’, IMF says, amid supply chain disruptions and price increases

  • Global economy is expected to grow 5.9 per cent this year before slowing to 4.9 per cent in 2022, according to the International Monetary Fund (IMF)
  • But the overall figures mask large downgrades and ongoing struggles for some countries, including the United States, Germany and Japan

International Monetary Fund (IMF) chief economist Gita Gopinath said that despite a strong return in demand, ‘the supply side has not been able to come back as quickly,’ hampered in part by the spread of the Delta variant of Covid-19, which has made workers reluctant to return to their jobs. Photo: AFP
International Monetary Fund (IMF) chief economist Gita Gopinath said that despite a strong return in demand, ‘the supply side has not been able to come back as quickly,’ hampered in part by the spread of the Delta variant of Covid-19, which has made workers reluctant to return to their jobs. Photo: AFP
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