IMF Remains Upbeat On Global Economy |
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April 11, 2011
The global economic recovery is proceeding steadily but with few signs that underlying current account imbalances are being reduced, according to the International Monetary Fund.
The global economic recovery is proceeding steadily but with few signs that underlying current account imbalances are being reduced, according to the International Monetary Fund.
In its twice-yearly world economic outlook, released on Monday, the IMF's forecasts for growth were largely unchanged from the previous update, with world gross domestic product projected to expand by 4.4 per cent this year and by 4.5 per cent in 2012.
The IMF was optimistic that advanced economies would continue to recover from the global financial crisis and said that many emerging market economies were now above their pre-crisis trends.
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