IMF sees 6% world growth, warns developing nations falling behind

13 Sept 06:32 Key points summarised by AI

The IMF forecasts 6% global economic growth for 2021, but highlights a widening disparity where advanced economies accelerate while developing nations lag.
Unequal vaccine access is identified as the primary factor dividing the global recovery, posing a significant risk of new virus variants derailing progress and causing substantial GDP losses.
While current inflation spikes are largely seen as temporary due to the pandemic's uneven turnaround, the IMF acknowledges the possibility of price increases becoming persistent and urges central banks to be prepared for preemptive action.
The IMF stresses the immediate priority of equitable global vaccine deployment, advocating for a $50 billion plan to end the pandemic and address needs in lower-income countries.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.