To: ggersh who wrote (168278 ) 4/6/2021 6:51:54 PM From: TobagoJack Read Replies (1) | Respond to of 217739 Re <<Will the $$$$ really last til 2026-32 in current form when all it's become is a ponzi? >> The road to 2026 shall be paved in gold and bitcoin petals fluttering all around, or so hints IMF Let us see which of the top three rumoured contributors to growth first bans gold and bitcoins to make the objective realise faster, democratically or otherwise Bloomberg still goes on about 'Rising U.S. interest rates ' ... giggle ... but let's see if rates rises more than 25 points. I wonder which one 'they' shall ban first, gold, bitcoins, or interest rate rise ?bloomberg.com China’s Growth Set to Drive World Economy in Post-Pandemic Years Alexandre Tanzi 7 April 2021, 01:14 GMT+8Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast , Spotify or Pocket Cast . China will drive global economic growth in the coming years as the world recovers from an pandemic that’s killed 2.9 million people, the International Monetary Fund predicts. China will contribute more than one-fifth of the total increase in the world’s gross domestic product in the five years through 2026, according to Bloomberg calculations based on IMF forecasts published Tuesday. Global GDP is expected to rise by more than $28 trillion to $122 trillion over that period, after falling $2.8 trillion last year in the biggest peacetime shock to output since the Great Depression. The U.S. and India will be the second and third-biggest contributors to global growth in the period, according to the IMF, with Japan and Germany rounding out the top five. Overall, the IMF forecasts that the global economy will expand 6% this year, before slowing toward a 3% pace by 2026. It also warned that growth in the coming expansion may be unevenly spread, with developing economies expected to have bigger losses and slower recoveries. “Income inequality is likely to increase significantly because of the pandemic,” the Fund said in its World Economic Outlook report . “Close to 95 million more people are estimated to have fallen below the threshold of extreme poverty in 2020 compared with pre-pandemic projections.” One reason for the divergence is the faster-than-expected recovery in the U.S. It’s the only large economy where the IMF’s GDP forecast for 2022 is actually higher now than it was before the pandemic. Rising U.S. interest rates could pose a threat to recovery in highly leveraged emerging-market and developing economies, IMF Chief Economist Gita Gopinath wrote in a blog post. Before it's here, it's on the Bloomberg Terminal. LEARN MORE