IMF lifts global growth forecasts, but warns of divergence. The IMF sees global growth at a record 6% this year, following a -3.3% contraction in 2020. A very strong rebound in the US is a key reason, but while growth in the US and indeed the world is expected to be higher than the contraction last year, this isn’t expected to be the case for the Eurozone and indeed the UK. Eurozone growth is expected at 4.4% this year and 3.8% next year after a -6.6% contraction in 2020. The UK economy is expected to expand 5.3% this year and 5.1% in 2022 after a correction of -9.9% last year.
Click here to access the HotForex Economic Calendar
Andria Pichidi
Market Analyst
Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
