the IMF announces a more timid recovery than expected in 2021

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the IMF announces a more timid recovery than expected in 2021







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The International Monetary Fund is now forecasting 5.2% euro area growth in 2021, less than it expected last June, but it has softened its recession forecast this year somewhat, to -8.3% .

Compared to its latest inventory of the world economy in June, the Washington institution on Tuesday raised its 2020 forecast by 1.9 points, but reduced its forecast for next year by 0.8 points, a sign that economic catching up will be laborious.

The two hardest hit economies in the euro zone remain Italy (-10.6% this year, then + 5.2% next year) and Spain (-12.8% then + 7.2 %), while Germany, more spared, is expected to post a recession of 6% this year followed by a rebound of 4.2%.

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