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IMF: Weakening fiscal balance sheets biggest concern for emerging markets beyond 2021
chart The underlying story remains similar to the World Economic Outlook report in January, with the uplift mainly stemming from advanced economies which are expected to grow by 5.1% in 2021 and 3.6% in 2022 (vs 4.3% and 3.1%, expectations respectively, in January), thanks to the vaccine rollout momentum which will gather pace in 2H21 and additional fiscal support in a few larger economies, notably the US where 2021 growth has been revised up by 1.3 percentage points higher to 6.4%. chart Emerging market and developing economies: Meanwhile, aggregate growth for emerging market and developing economies (EMDE) is ... (full story)