TOKYO -- The global economy is set to grow 6% this year thanks to progress with coronavirus vaccinations and additional fiscal support in the U.S., the International Monetary Fund projected on Tuesday in an updated outlook report.
The 6% figure marks a 0.5-percentage-point upgrade from the fund's January forecast, and a brisk reversal from an estimated 3.3% contraction for 2020. Next year, global gross domestic product is expected to expand 4.4%, up from the previously predicted 4.2%, the IMF said.
