The IMF’s World Economic Outlook Update

2020 saw a significant contraction in all parts of the world as a result of the Covid-19 crisis. Lockdown measures and continued uncertainty about the return to work, as well as what a ‘new normal’ will look like, are having a serious impact on how to forecast future growth. Petya Koeva Brooks, deputy director in the IMF’s strategy, policy, and review department, discusses the baseline scenario in the World Economic Outlook, as well as the potential ways forward for the global economy in 2021.