The International Monetary Fund said Tuesday it plans to revise upward its global economic forecast for 2021 and 2022, citing a new U.S. coronavirus relief package and expectations toward vaccine-powered recovery in many advanced economies later this year. Noting that global growth in 2021 was projected in January to be 5.5 percent, Managing Director Kristalina Georgieva said in a speech ahead of the annual spring meetings of the IMF and the World Bank, "We now expect a further acceleration." She said "extraordinary effort," including rapid vaccine development, some $16 trillion in fiscal acti...
