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The world's pandemic rebound

Apr. 06, 2021 09:25PM EST
Dan Ackermann
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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Canada's military joining firefighting efforts as dozens of wildfires rip through west

The Canadian Armed Forces are being called in to help combat dozens of wildfires in western Canada that have sparked evacuation orders and caused the deaths of at least two people, per CTV News.

What's happening: 172 wildfires are burning across British Columbia following the Pacific Northwest's record heat wave, per the BC Wildfire Service.

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Russians hacked federal prosecutors, Justice Department says

The Russian hackers behind the massive SolarWinds cyber-espionage campaign broke into the email accounts of some of the most prominent federal prosecutors' offices around the country last year, the Justice Department announced.

State of play: DOJsaid 80% of Microsoft email accounts used by employees in the four U.S. attorney offices in New York were breached.

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Affirmative action on college campuses is endangered

Data: National Center for Education Statistics; Chart: Connor Rothschild/Axios

Affirmative action, which for 60 years has increased the number of students of color at American universities, is on the chopping block. A case accusing Harvard of discriminating against Asian applicants has made it to the Supreme Court, and the court could elect to get rid of the 60-year-old policy.

Why it matters: While that's an unlikely outcome, it could push colleges to come up with better ways of promoting diversity on campus rather than just looking at race, says Mitchell Chang, an education professor at UCLA.

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