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International Monetary Fund feels even better times are...

Defend Truth

International Monetary Fund feels even better times are coming, but with caveats

As recently as July this year, the IMF predicted world-wide growth next year would be 2.5%. Now, in a report published yesterday in its World Economic Outlook, the Fund has revised its forecast to 3.1%. But don’t pop the bubbly just yet: The global body believes the numbers are mostly due to aggressive crisis management in the US, Asia and Europe (and kudos to them) rather than the result of a natural process of emerging from recession. The global economy is still very vulnerable to crises. The numbers also need to be seen country by country to appreciate the real picture: China is expected to grow 9%, the US 1.5% and the Eurozone only 0.3%.

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