IMF raises forecast for global growth to 4.25%; Sees multispeed recovery
Apr 21st, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The International Monetary Fund (IMF) says the world economy is recovering from the global crisis better than expected, but sees activity reviving at different speeds in different parts of the world. In 2010, world output is expected to rise by about 4.25 per cent following a ½ per cent contraction in 2009. Economies that are off to a strong start are likely to remain in the lead, as growth in others is held back by lasting damage to financial sectors and household balance sheets.