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CARE Ratings Research Report
The International Monetary Fund in its recent World Economic Outlook has highlighted the following views:
Global economic recovery is continuing, even as the pandemic resurges. However, the fault lines opened by Covid-19 are looking more persistent and near-term divergences are expected to leave lasting imprints on medium-term performance. Vaccine access and early policy support are going to be the principal drivers of the gaps.
Policy choices have become more difficult as challenges are several like subdued employment growth, rising inflation, food insecurity, setback to human capital accumulation, and climate change giving limited room to manoeuvre.
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