With the contraction in the different world economies such as Japan and United Kingdom , Hopes of a “vaccine-powered” pick-up in activity later this year have led the International Monetary Fund (IMF) to upgrade its forecast for global economic growth in 2021 for a growth of 5.5.% and IMF said that “The wide divergence reflects to an important extent differences across countries in behavioural and public health responses to infections, flexibility and adaptability of economic activity to low mobility, pre-existing trends, and structural rigidities entering the crisis”. How is the IMF growth likely to affect your country’s economy this year?
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