After global GDP shrank 3.5% in 2020 — the worst contraction since World War 2 — the IMF now expects that in 2021 it could be as much as 2% above prepandemic levels.
This is a swift turn of events, one that would not have been possible without developed economies, led by the US, blowing their budgets, and central banks assisting by buying government bonds on an unprecedented scale...
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