Global growth on track despite Greek crisis, China setback: IMF

Tokyo

THE International Monetary Fund (IMF) on Thursday effectively brushed aside fears of a major disruption to the global economic or financial system in the wake of the Greek crisis and the collapse in Chinese stock prices.

In the latest quarterly update to its World Economic Outlook (WEO), the IMF projected global growth at 3.3 per cent this year on the back of a gradual pickup in advanced economies and a slowdown in emerging economies.