(VOVWORLD) - The International Monetary Fund estimates that global growth for 2021 will be about 6%, the same as forecast in April, IMF Managing Director Kristalina Georgieva said on Wednesday.
 IMF Managing Director Kristalina Georgieva (Photo: AFP/VNA) |
She said economic recovery will be held back unless the pace of COVID-19 vaccination picks up, adding that a goal of ending the pandemic by the end of 2022 will not be reached at the current pace.
Georgieva noted that the relative lack of vaccine access in developing countries and the rapid spread of the COVID-19 Delta variant is threatening to slow the recovery's momentum.
The IMF forecast in April that the global economy will grow 6% this year if vaccine access is broader, economies open, and fiscal stimulus packages are in place, specifically in the US.