World Economic Outlook, April 2021: Managing Divergent Recoveries

World Economic Outlook, April 6, 2021

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World Economic Outlook, April 2021: Managing Divergent Recoveries

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Bibliographic details

• Published: April 6, 2021
• Series: World Economic Outlook
• DOI: https://doi.org/10.5089/9781513575025.081

Overview

• The global economy is climbing out from the depths to which it had plummeted during the Great Lockdown in April.
• With the COVID-19 pandemic continuing to spread, many countries have slowed reopening and some are reinstating partial lockdowns to protect susceptible populations.
• Recovery in China has been faster than expected.
• The global economy’s long ascent back to pre-pandemic levels of activity remains prone to setbacks.

Key findings and themes

• Pandemic trajectory continues to dictate the pace of reopening and recovery across countries.
• Divergent recoveries are evident: some economies (including China) are rebounding faster than others, while ongoing COVID-19 spread forces renewed restrictions in various places.
• The report emphasizes vulnerability to setbacks even as aggregate activity improves.

Subjects and keywords

• Subject: COVID-19, Economic growth, Economic recession, Emerging and frontier financial markets, Financial crises, Financial markets, Health, International organization, Labor, Labor markets, Unemployment
• Keywords: Caribbean, COVID-19, Economic recession, Emerging and frontier financial markets, Global, headline inflation, IMF staff calculation, job retention, Labor markets, Middle East and Central Asia, productivity shock, reallocation policy, retention policy, South America, Sub-Saharan Africa, Unemployment

References

• https://www.imf.org/en/publications/weo
• United States and the IMF
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• COVID-19
• Economic growth
• Economic recession
• Emerging and frontier financial markets
• Financial crises
• Financial markets
• Health
• International organization
• Labor
• Labor markets
• Unemployment
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