The IMF’s Jeffrey Okamoto said that the global economy may show a higher growth rate this year than previously expected. Mass vaccination of the population, which is carried out in many countries, as well as budget incentives, will help to increase economic activity.

In the January forecast of the IMF, the global economy was expected to grow by 5.5% by the end of 2021. However, its prospects have improved recently, and a more significant growth rate can be expected.

At the same time, Jeffrey Okamoto noted that despite the positive changes, GDP in many countries is still below the indicators that were observed before the crisis caused by the spread of the coronavirus.

To date, only China’s economy shows pre-crisis growth rates. For the rest of the world, the IMF is concerned about the widening recovery gap between developed and developing countries.

The fund plans to publish a new forecast on the development of the situation in the global economy at the beginning of next month.