The International Monetary Fund’s (IMF) Managing Director Kristalina Georgieva said on Monday that the IMS is planning to revise upward the previous forecast for 5.5% global growth in 2021, as reported by Reuters. Additional takeaways “IMF will also raise 2022 forecast.” “Global economy is on firmer footing but there are prospects diverging dangerously within nations, across countries and regions.” “IMF sees increased growth due to new US fiscal package and expected vaccine-powered recovery in advanced economies this year.” “Multi-speed recovery powered increasingly by US and China; IMF sees extremely high uncertainty over financial conditions.” “Faster US recovery could trigger higher interest rates, tighter financial conditions and big outflows from emerging and developing economies.” “It’s prudent to keep eye on financial risk, included stretched asset valuations, prevent excess financial volatility.” “IMF foresees a sharp rise in insolvencies among small and medium-sized businesses, threatening jobs.” “Low-income countries need $200 billion over 5 years to fight the pandemic, $250 billion to return to the path toward higher income levels.” Market reaction These comments don’t seem to be helping the market mood improve. As of writing, the S&P 500 Index was down 0.32% on the day at 3,958. 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 EUR/GBP happy to consolidate below 0.8550 with near-term UK outlook still looking rosey FX Street 1 year The International Monetary Fund's (IMF) Managing Director Kristalina Georgieva said on Monday that the IMS is planning to revise upward the previous forecast for 5.5% global growth in 2021, as reported by Reuters. Additional takeaways "IMF will also raise 2022 forecast." "Global economy is on firmer footing but there are prospects diverging dangerously within nations, across countries and regions." "IMF sees increased growth due to new US fiscal package and expected vaccine-powered recovery in advanced economies this year." "Multi-speed recovery powered increasingly by US and China; IMF sees extremely high uncertainty over financial conditions." "Faster US recovery could trigger… 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.