The pace of recovery of individual economies are lagging behind

The pace of recovery of individual economies from the crisis caused by the new coronavirus pandemic varies despite the approval of vaccines worldwide. The International Monetary Fund (IMF) pointed this out on Thursday (March 25) evening. "We see an overall improvement in the global economy, but too many countries and people are still lagging behind," said Gerry Rice, a spokesman for the Washington-based fund. The fund has pointed out in the past to the different recovery of countries at very different levels and, according to him, this "broad picture" still persists. On April 6, the International Monetary Fund will publish new forecasts for global economic growth. In January, it predicted a strong recovery and expansion of 5.5% after falling by 3.5% in 2020 for blockades to stop the spread of the new coronavirus. However, the fund recently points out that the outlook for the world economy is overshadowed by "extraordinary uncertainty" and estimates that it will lose up to $ 22 trillion (€ 18.64 trillion) between 2020 and 2025 as a result of the pandemic. The IMF said this month that a $ 1.9 trillion package of incentives to mitigate the effects of the $ 1.9 trillion pandemic will support the growth of the world's largest economy and other economies. And it will increase the United States' gross domestic product (GDP) by 5 to 6% over three years. It will also support demand, which will help other countries sell more products to consumers in the US. President Biden is also expected to present measures to improve US infrastructure. These could cost up to $ 3 trillion, but will also increase the already large US debt and budget deficit.