Segment 1: In the wake of the COVID-19 pandemic, a revival of industries is expected as the world begins its recovery. The International Monetary Fund (IMF) estimates that the global economy will grow by 6% in 2021.
Segment 2: The revival is being driven by both advanced and emerging market economies. The IMF predicts that advanced economies will grow by 5.1%, while emerging and developing economies will grow by 6.7%. This growth is fueled by rapid fiscal support and vaccines being rolled out globally.
Segment 3: However, while economies are recovering, the IMF highlights the persistent risks. Inequality is rising due to unequal access to vaccines, and countries with limited fiscal space struggle to provide necessary support. The IMF urges policymakers to strengthen cooperation and implement prudent policies to ensure a strong and inclusive recovery.
Segment 4: As more countries take steps towards recovery, the IMF emphasizes the importance of a synchronized and equitable global vaccination campaign. This will help prevent new variants from derailing progress and ensure a more sustainable recovery for all.