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US pushes global economy to recovery line

The US economy is likely to return to its late 2019 scale in the three months to June, helping to raise global production for the first time above pre-pandemic levels.

Economists surveyed by The Wall Street Journal estimate that figures released Thursday show that US gross domestic product rose at a seasonally adjusted annual rate of 8.5% in the second quarter. As a result, U.S. GDP (seasonal and inflation-adjusted value of all goods and services produced throughout the economy), Covid-19 penetration will close and shrink the global economy, they say. ..

The Organization for Economic Co-operation and Development estimates that the total economic output of the groups of 20 major economies exceeded pre-pandemic levels in the first quarter. With the United States and many other major powers crossing that threshold in the second quarter, global production is likely to be higher than the level recorded in the final quarter before the coronavirus outbreak. The group says.

However, according to the European Commission, the European economy is likely to remain smaller than it was before the pandemic, and new delta variants of the coronavirus are spreading throughout Asia. He threatens to delay recovery later in the year.

The International Monetary Fund will release new forecasts for the global economy on Tuesday. The fund’s managing director, Cristalina Georgieva, told Webinar Wednesday that global economic growth in 2021 is only 6% in April, but developed countries are implementing rapid immunization programs. The outlook for the poor has improved, and the outlook for the poor has improved. The country has weakened.

US pushes global economy to recovery line

Source link US pushes global economy to recovery line

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