According to the IMF’s July 2021 World Economic Outlook (WEO), the global economy is expected to grow by 6.0 percent in 2021 with a smaller growth of 4.9 percent in 2022.
This positive outlook is based on strong growth expected for major economies like the US, China and Euro zone as easing of national lockdowns and international border restrictions are expected to spur economic activity. For the year 2021/22, the IMF is forecasting a 5.45 percent global growth.
