IMF head: global growth prospects rising but dangers remain

WASHINGTON (AP) — The head of the 190-nation International Monetary Fund says prospects for global growth have brightened since January, helped by a $1.9 trillion U.S. rescue package. But she warns that uneven progress in fighting the pandemic could jeopardize the economic gains. IMF Managing Director Kristalina Georgieva said Tuesday that when the IMF releases its updated economic forecast next week, it will show the global economy growing at a faster pace than the 5.5% gain it projected at the start of the year. In remarks hosted by the Council on Foreign Relations, she said that the $1.9 trillion support package that President Joe Biden signed into law on March 11 along with rising confidence from increased vaccinations in many advanced economies were primary reasons for the forecast upgrade.