- The IMF is forecasting world economic growth to be the best in forty years with the United States and China leading the way as economies recover from the COVID-19 pandemic.
- The recoveries throughout the world are primarily supply-side recoveries from the closures and shutdowns, but some countries, like the U.S. are pushing big spending programs.
- The world economies are recovering but how they proceed will have significant impacts on which country benefits against the others.
- The U.S. path raises concerns about how the U.S. dollar will fare against the Chinese Yuan and how this will impact the position of world reserve currencies going forward.
For further details see:
IMF And World Growth: Best In Forty Years