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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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Supreme Court clears way for first federal execution since 2003

The Supreme Court ruled early Tuesday that federal executions can resume, reversing a lower court decision and paving the way for the first lethal injection since 2003 to take place at a federal prison in Indiana, AP reports.

The big picture: A lower court had delayed the execution, saying inmates had provided evidence the government's plan to carry out executions using lethal injections "poses an unconstitutionally significant risk of serious pain."

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Most Americans think social media platforms censor political viewpoints

Most Americans say it's very (37%) or somewhat (36%) likely that social media platforms intentionally censor political viewpoints that they find objectionable, according to a new Pew Research Center survey.

Why it matters: The survey shows that the concept of tech censorship, a political argument for the right, has turned into to a mainstream belief.

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Frenemies Facebook and Apple square off

Facebook and Apple are fighting an increasingly high stakes battle over user privacy and access to the iOS App Store, deepening a rift between two of the most powerful companies in Silicon Valley.

Why it matters: The two companies,along with Google and Amazon, are being challenged over a range of issues, from abuse of power to violations of privacy to allowing hate and misinformation to flourish. By trading accusations, Facebook and Apple could just be handing more ammo to critics and regulators — but at the same time, conflict between these giants could be read as a sign of competitive life and a rebuttal to antitrust charges.

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Democrats' gain of Senate majority gives party new tools to reverse Trump policies

The Georgia runoff results adding a majority in the Senate to the one Democrats already had in the House gave the party a fresh tool to reverse Trump administration policies.

Why it matters: The Congressional Review Act (CRA) empowers a majority in Congress to undo recent rules issued by federal agencies — including immigration restrictions, environmental rollbacks and labor regulations.

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