The World Bank has improved its previous forecast for Russia's GDP growth for 2021 from 3.2% to 4.3% in light of the recovery in domestic demand in the country and rising energy prices, according to the report. Al Arabiya.net.
The World Bank report issued today, Wednesday, expected an acceleration of growth in Russia to 4.3% in 2021 as the economy is supported by an early recovery in domestic demand and high prices energy. These improved forecasts also reflect additional financial support.
On the other hand, the Director-General of the International Monetary Fund, Kristalina Georgieva, warned that global growth will slow slightly this year, expressing concern about the growing gap between the world's rich beneficiaries From economic recovery and poor countries affected by the lack of vaccines.
We now expect growth to slow slightly this year than the IMF forecast in July, Georgieva said.
She added that if the richer countries return to their pre-pandemic level by 2022, emerging and developing countries will still need several years to recover from the crisis caused by the pandemic. Covid-19 epidemic.
And major central banks have a responsibility to maintain clear coordination on their policy intentions, as they turn to tighten monetary policies, she added.
