The world may be recovering faster from COVID disruptions than previously thought

There are positive signs the world may recover from the global pandemic sooner than previously thought.

The International Monetary Fund just released its “World Economic Outlook” this morning. It upgraded its global growth forecast to 5.5 percent for 2021.

That is a 0.3 percent increase from the October forecast.

It predicts next year the global economy will grow by 4.2 percent. The IMF credited much of the upgrade to the COVID vaccine rolling out in many countries.

However, it cautioned against several things that could set back the economic recovery, including virus mutations that would slow down vaccine rollouts, and not getting the doses to every country in the world.