The International monetary fund (IMF) conducts world economic outlook (WEO) twice a year, To determine the growth rate of countries. they stated that “Vaccine access has emerged as the principal fault line along which the global recovery splits into two blocs: those that can look forward to further normalization of activity later this year (almost all advanced economies) and those that will still face resurgent infections and rising COVID death tolls”
After IMF’s research the following results were produced on growth outlook;
- The global economy is projected to grow 6.0 percent in 2021 and 4.9 percent in 2022.The 2021 global forecast is unchanged from the April 2021 WEO
- Nigeria growth rate is at 2.5% and expected to project to 2.6% at 2022
