Global 'recovery is strengthening', says IMF
Recovery strongest in US; report echoes World Bank filing
Add BT as a preferred sourceGLOBAL economic recovery "is becoming not only stronger but also broader", the International Monetary Fund (IMF) said in a report issued yesterday, which echoed the upbeat tone of a World Bank economic report published earlier this week.
The two reports, which express guarded optimism that the global economy can steer around the shoals of monetary tapering in the United States and other threats to growth, appear to support the continuing strength of leading equity markets.
"Put simply, recovery is strengthening," IMF chief economist Olivier Blanchard said on publication of the Fund's latest World Economic Outlook (WEO). "We forecast world growth to be 3.6 per cent this year and 3.9 per cent next year, up from 3.0 per cent last year."
