The International Monetary Fund (IMF) publishes World Economic Outlook Updates biannually. According to the October 2020 Update,

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The International Monetary Fund (IMF) publishes World Economic Outlook Updates biannually. According to the October 2020 Update, the expected annual growth rate of advanced countries was 3.9% for 2021. On the other hand, expected annual growth for developing countries was 6%.

Explain why developing countries might be growing so much faster than developed countries.

Learning Objective 10.4 Find out why government institutions matter for economic growth.

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Principles Of Macroeconomics

ISBN: 9781982166649

1st Canadian Edition

Authors: Betsey Stevenson, Justin Wolfers, Philip Oreopoulos, Kevin Milligan

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