IMF “Korea growth rate of 3.1% this year”… ‘Vaccine’ is the key

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The International Monetary Fund and the IMF raised Korea’s economic growth rate to 3.1% this year, slightly higher than expected.

The forecast for the global economic growth rate was also raised to 5.5%.

Blocking the re-proliferation of Corona 19 and the results of vaccination are expected to become the topic of the global economy again this year.

This is Park Seong-won.

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The IMF predicted that Korea’s economic growth rate will record 3.1% this year in its’World Economic Outlook Revision Report’.

This is a 0.2 percentage point increase from the 2.9% forecast for October last year three months ago.

Economically related organizations at home and abroad expect Korea to record growth of around 3% this year.

It is analyzed that the anticipation for an economic recovery was reflected in our economic outlook as the vaccine was supplied to countries around the world and vaccination began.

Last year, Korea’s gross domestic product growth rate was -1%.

Although it recorded negative growth in 22 years after the financial crisis in 1998, it was evaluated as good.

The global economic growth rate was predicted to be 5.5%, up 0.3 percentage points from the previous 5.2%.

[기타 고피나스/IMF 수석 이코노미스트]

“(The increase in economic growth rate) is thanks to the positive effects of vaccination in various countries and the support of additional fiscal policies…”

While the US was up 5.1% and Japan was up 3.1%, the euro’s growth forecast, which was hit hard by around negative 10% last year, was 4.2%, down 1.0 percentage point from the previous forecast.

The IMF emphasized the importance of controlling COVID-19 to achieve its growth rate forecast.

This is because if the infection re-proliferates due to a mutant virus and other countries inevitably take additional containment measures, the global economy will be hit again.

[거브러여수스/세계보건기구 사무총장]

“Now vaccines are giving us another opportunity to control the epidemic. We shouldn’t waste that opportunity.”

Therefore, the IMF emphasized that it is necessary to carefully check whether effective infection control is possible and whether there are logistical problems related to the distribution of vaccines.

This is Seongwon Park of MBC News.

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