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World economy risks dangerously diverging even as growth booms

World economy risks dangerously diverging even as growth booms
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World Economy Risks 'Dangerously Diverging' Even as Growth Booms

(Bloomberg) The world economy is on course for its fastest growth in more than a half century this year, yet differences and deficiencies could hold it back from attaining its pre-pandemic heights any time soon.The U.S. is leading the charge into this week’s semi-annual virtual meeting of the International Monetary Fund, pumping out trillions of dollars of budgetary stimulus and resuming its role as guardian of the global economy following President Joe Biden’s defeat of “America First” President Donald Trump. Friday brought news of the biggest month for hiring since August.China is doing its part too, building on its success in countering the coronavirus last year even as it starts to pull back on some of its economic aid.Yet unlike in the aftermath of the 2008 financial crisis, the recovery looks lopsided, in part because the rollout of vaccines and fiscal support differ across borders. Among the laggards are most emerging markets and the euro area, wher ....

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World economy risks 'dangerously diverging' even as growth booms; China outpaces India, emerging markets

The world economy is on course for its fastest growth in more than a half-century this year, yet differences and deficiencies could hold it back from attaining its pre-pandemic heights any time soon. But while the US is bouncing, France, Germany, Italy, the UK, and Japan are contracting. In the emerging markets, Brazil, Russia, and India are all being clearly outpaced by China. ....

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World economy risks 'Dangerously Diverging' trends even as growth booms

World economy risks 'Dangerously Diverging' trends even as growth booms
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World economy risks 'dangerously diverging' even as growth booms

World economy risks 'dangerously diverging' even as growth booms
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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