“Multispeed recoveries are underway in all regions and across income groups, linked to stark differences in the pace of vaccine rollout, the extent of economic policy support, and structural factors such as reliance on tourism… the United States the only large economy projected to surpass the level of GDP it was forecast to have in 2022 in the absence of this pandemic.”
-Gita Gopinath, International Monetary Fund (IMF) Chief Economist, commenting on updated IMF economic projections for global economies. [Nikkei Asia]
