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While rich countries experience a post-COVID boom, the poor are getting poorer. Here's how Australia can help


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While rich countries experience a post-COVID boom, the poor are getting poorer. Here s how Australia can help
19 May 2021
The latest IMF and World Bank reports show a global economic boom gathering steam. This is thanks to US$16 trillion in fiscal stimulus packages spent mostly across the world’s rich nations since the pandemic began.
After the reversal of 2020, the global economy is now projected to grow by 6% in 2021, powered by strong growth in the US and China, which are forecast to grow by 6% and 8%, respectively. ....

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While rich countries experience a post-COVID boom, the poor are getting poorer


While rich countries experience a post-COVID boom, the poor are getting poorer
May 19, 2021 | 4:49 pm
PHILSTAR
The latest International Monetary Fund and World Bank reports show a global economic boom gathering steam. This is thanks to $16 trillion in fiscal stimulus packages spent mostly across the world’s rich nations since the pandemic began. 
After the reversal of 2020, the global economy is now projected to grow by 6% in 2021, powered by strong growth in the US and China, which are forecast to grow by 6% and 8%, respectively. 
Australians are not missing out, thanks to A$311 billion in public spending. The federal budget’s GDP growth forecast is 4.25% in 2021. Unemployment is forecast to fall to below 5% by mid-2023.  ....

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