In its latest World Economic Outlook report, the International Monetary Fund (IMF) revised up its forecast for 2021 global economic growth to 5.5% from 5.2% in October’s publication, as reported by Reuters. Key takeaways as summarized by Reuters “IMF forecasts 2020 global economic contraction at 3.5% vs. October forecast of 4.4% contraction, cites stronger-than-expected momentum in second half 2020.” “IMF cites ‘exceptional uncertainty’ about the economic outlook, says renewed waves and variants of covid-19 pose risks.” “IMF forecasts 8.1% growth in global trade volumes in 2021, moderating to 6.3% growth in 2022, following a contraction of 9.6% in 2020.” “IMF revises up forecast for US growth to 5.1% in 2021 from October forecast of 3.1%, sees 2.5% growth in 2022 vs. 2.9% in October.” “IMF revises up forecast for India growth in 2021 to 11.5% vs. 8.8% in October, sees 6.8% growth in 2022 vs. 8% in October.” IMC forecasts growth of 8.1% in China in 2021, vs. 8.2% in October, sees 5.6% growth in 2022 vs. October forecast of 5.8%.” “IMF says countries should continue to support economies until vaccine-powered normalization is underway.” “IMF says low-income countries need support through grants, loans and debt relief; debt restructuring may be unavoidable for some.” Market reaction This report doesn’t seem to be having an impact on market sentiment. As of writing, the US Dollar Index was posting small daily losses at 90.30. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Philly Fed Nonmanufacturing Index improves to -17.5 in January from -26.6 in December FX Street 1 year In its latest World Economic Outlook report, the International Monetary Fund (IMF) revised up its forecast for 2021 global economic growth to 5.5% from 5.2% in October's publication, as reported by Reuters. Key takeaways as summarized by Reuters "IMF forecasts 2020 global economic contraction at 3.5% vs. October forecast of 4.4% contraction, cites stronger-than-expected momentum in second half 2020." "IMF cites 'exceptional uncertainty' about the economic outlook, says renewed waves and variants of covid-19 pose risks." "IMF forecasts 8.1% growth in global trade volumes in 2021, moderating to 6.3% growth in 2022, following a contraction of 9.6% in 2020." "IMF revises… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.