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Sunday, June 19, 2022

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Tuesday, April 6, 2021

Kamala Harris moves into Naval Observatory residence following renovations

A Biden administration official confirmed the transfer to the Washington Examiner on Tuesday, and Opal Vadhan, who is a personal aide to the vice president, tweeted a photo of Harris boarding Marine Two.

"What a historic moment," she said. "The first time in our nation’s history, a daughter of immigrants, Kamala Devi Harris takes Marine 2 for the first time to her new home, the Vice President’s Residence."

Repairs to the residence included maintenance to its heating and air system, replacement of the liners in the chimneys, and the refurbishing of some of the hardwood floors, the administration official said.

IMF upgrades forecast for 2021 global growth to a record 6%

WASHINGTON (AP) — The rollout of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from the pandemic recession, the International Monetary Fund says in its latest forecasts. 

Thee 190-country lending agency said Tuesday that it expects the world economy to expand 6% for 2021, up from the 5.5% it had forecast in January. It would be the fastest expansion for the global economy in IMF records dating to 1980. 

In 2022, the IMF predicts, international economic growth will decelerate to a still strong 4.4%, up from its January forecast of 4.2%. The agency’s economists now estimate that the global economy shrank 3.3% in 2020 after the devastating recession that followed the coronavirus’ eruption across the world early last spring. 

That is the worst annual figure in the IMF’s database, though not as severe as the 3.5% drop it had estimated three months ago. Without heavy government aid that helped sustain companies and consumers during COVID-19 lockdowns, IMF forecasters say, last year’s downturn could have been three times worse.