The has based its revision on better than anticipated second quarter outturns, mostly in advanced economies where activity rebounding improved after lockdowns were eased, as well as signs of a stronger recovery in the July September quarter. But the IMF has been prudent in pointing out that even as the world rebounding economy ascends out of the depths it plunged to in April, following the worldwide lockdown; there remains the danger of a resurgence in infections that is prompting countries in Europe to reimpose at least partial closures. And the risks associated with predicting the pandemic progression, the unevenness of public health responses, and the extent to which domestic activity can be disrupted, magnify the uncertainty. Pointing out that the pandemic is set to leave scars well into the medium term labour markets take time to heal, investment is held back by uncertainty and balance sheet problems, and lost schooling impairs human capital, IMF Chief Economist Gita Gopinath contends that global growth will gradually slow to certain to be severely set back. Observing that the pandemic uncertainty is set to widen inequality between economies and work closely to ensure that new treatments and vaccines are made available to all since wider and faster availability of medical solutions could boost global income by almost $9 trillion by end 2025, reducing uncertainty income divergence, she says. With no visibility yet on vaccine availability, the IMF has also stressed the need for policymakers to persist with direct income support for the uncertainty most vulnerable and regulatory forbearance for stressed but viable firms. The message is clear. In a world as interconnected as it is today, the cost of economic insularity would only be more protracted pain for all. The has based its revision on better than anticipated second quarter outturns, mostly in advanced economies where activity rebounding improved after lockdowns were eased, as well as signs of a stronger recovery in the July September quarter. But the IMF has been prudent in pointing out that even as the world rebounding economy ascends out of the depths it plunged to in April, following the worldwide loc The has based its revision on better than anticipated second quarter outturns, mostly in advanced economies where activity rebounding improved after lockdowns were eased, as well as signs of a stronger recovery in the July September quarter. But the IMF has been prudent in pointing out that even as the world rebounding economy ascends out of the depths it plunged to in April, following the worldwide lockdown; there remains the danger of a resurgence in infections that is prompting countries in Europe to reimpose at least partial closures. And the risks associated with predicting the pandemic progression, the unevenness of public health responses, and the extent to which domestic activity can be disrupted, magnify the uncertainty. Pointing out that the pandemic is set to leave scars well into the medium term labour markets take time to heal, investment is held back by uncertainty and balance sheet problems, and lost schooling impairs human capital, IMF Chief Economist Gita Gopinath contends that global growth will gradually slow to certain to be severely set back. Observing that the pandemic uncertainty is set to widen inequality between economies and work closely to ensure that new treatments and vaccines are made available to all since wider and faster availability of medical solutions could boost global income by almost $9 trillion by end 2025, reducing uncertainty income divergence, she says. With no visibility yet on vaccine availability, the IMF has also stressed the need for policymakers to persist with direct income support for the uncertainty most vulnerable and regulatory forbearance for stressed but viable firms. The message is clear. In a world as interconnected as it is today, the cost of economic insularity would only be more protracted pain for all. The h