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The world's pandemic rebound

Data: IMF World Economic Outlook; Chart: Will Chase/Axios

The global economy will end this year 2.5% larger than the end of 2019, according to new (rosier) forecasts from the IMF.

Why it matters: The overall growth rate of 6% in 2021 masks a huge range between countries.


For instance: India is projected to grow at a 12.5% pace this year, while Nigeria will only grow by 2.5%.

The big picture: Europe is going to end 2021 with a smaller economy than it had at the end of 2019. Asia, however, is seeing torrid growth, led by both China and India.

  • The United States is doing extremely well by developed-country standards, with tailwinds from both widespread vaccinations and more than $5 trillion in economic stimulus.

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Outdoor lovers beware: Ticks and poison ivy are on the rise

Americans looking to enjoy their summer outside after a pandemic year now have other threats to worry about.

The big picture: Experts are warning that ticks are on the rise and poison ivy may be more abundant this year. That means hikers, campers and anyone else excited to get outside after months of pandemic confinement should take extra precautions to avoid both.

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Cadillac's electric shift begins with launch of 2023 Lyriq SUV

GM plans to start taking orders in September for the 2023 Cadillac Lyriq, a striking electric SUV coming early next year at a starting price of $59,900.

Why it matters: The production version of the Lyriq, which debuted Wednesday, marks the beginning of the luxury brand's phaseout of gasoline-powered vehicles by 2030.

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Off the rails: Inside Trump’s aborted plan to control the CIA

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. This Axios series takes you inside the collapse of a president.

Episode 5: President Trump becomes increasingly rash, and devises a plan to tamper with the nation's intelligence command.

In his final weeks in office, after losing the election to Joe Biden, President Donald Trump embarked on a vengeful exit strategy that included a hasty and ill-thought-out plan to jam up CIA Director Gina Haspel by firing her top deputy and replacing him with a protege of Republican Congressman Devin Nunes.

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Ant Financial's IPO could be the largest of all time

Ant Financial on Monday filed for an initial public offering in Hong Kong and Shanghai, after years of speculation and anticipation.

Why it matters: This could be the largest IPO of all time, topping the $29 billion raised last year by Saudi Aramco. It's also a passive aggressive escalation of China-U.S. tensions, with Ant snubbing New York.

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