IMF Downgrades its Growth Forecast for Asia, says Covid Still ‘Ravaging’ the Region

Countercurrents | October 25, 2021

The International Monetary Fund (IMF) on Tuesday downgraded its 2021 economic growth forecast for Asia after the Covid-19 delta variant caused a spike in cases in parts of the region.

The IMF said it expects Asia’s economy to grow by 6.5% in 2021, compared with its April forecast for a 7.6% expansion.

“The global COVID-19 pandemic is still ravaging the region,” the fund said in its Regional Economic Outlook report for Asia and the Pacific.

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Bolivia: Morales hails renewed economic growth

Morning Star | January 04, 2018

BOLIVIAN President Evo Morales hailed on Tuesday last year’s return to economic growth under his 12-year-old Movement for Socialism government.

Mr Morales confirmed that 2017 had seen a 3.8 per cent increase in GDP as a result of increased public investment late in the year as well as increased co-operation between city and provincial governments.Read More »