Updated IMF forecasts are here from earlier: IMF leaves 2021 global GDP forecast at +6.0% with stronger US growth but weaker EM
Note the comments in that post on the IMF's outlook for inflation (TL;DR its transient).
However, the report added that if the Fed does change its mind, and decides perhaps inflation is not so transient, and takes pre-emptive action to tighten monetary policy, this would impose a big hit on emerging markets, adding capital outflows and higher borrowing costs to their growth challenges.
