Ideas to Action:

Independent research for global prosperity

CGD Policy Blogs

Topic

 

Four charts showing lower but rising daily cases and deaths in EMDEs, along with higher lockdown stringency and lower mobility

As the Pandemic Surges in Poor Countries, Why Does the IMF Still Forecast a Milder Economic Crisis for Them?

Last week, the IMF revised the post-COVID growth forecasts it had made originally in the April World Economic Outlook (WEO). The April growth forecasts numbers projected a significantly more optimistic outlook for EMDEs compared with advanced economies. It turns out that the latest June forecast maintains this relative optimism for EMDEs.