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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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U.S. envoy warns Taliban of international cutoff if Afghanistan is taken by force

Zalmay Khalilzad, the United States' special representative on Afghanistan reconciliation, warned the Taliban in Doha, Qatar, Tuesday that any government formed by force will not be recognized internationally, according to AP.

Why it matters: Nine out of 34 Afghan provincial capitals have fallen to the Taliban in recent days as the U.S. military withdraws, raising fears that the Afghan military will be unable to hold off the insurgent group.

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Simone Biles pulls out from floor finals to focus on mental well-being

Simone Biles will not be competing in the floor exercise event to prioritize her mental well-being, USA Gymnastics announced Sunday morning local time.

Why it matters: "Simone has withdrawn from the event final for floor and will make a decision on beam later this week," USA Gymnastics said in a statement. "Either way, we’re all behind you, Simone."

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The political limits of Biden's climate agenda

Expect Joe Biden to pursue the most aggressive climate-change plan in U.S. presidential history should he win the election.

Driving the news: A sea change would come to Washington, D.C., but the aspirations he laid out in his campaign are far higher than what political reality allows.

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