[Via: New York Times]
The International Monetary Fund has raised its outlook for global growth, citing a postelection surge in confidence in the United States, better prospects in large emerging markets and an uptick in global trade.
The rosy forecast is something of a change of mind for the fund, which has been fairly downbeat in recent years in terms of the global economy’s capacity to deliver sustained growth.
In delivering the spring version of the fund’s World Economic Outlook, a broad report on the international economy that is updated several times a year, the I.M.F.’s economists took the opportunity on Tuesday to warn again against protectionist tendencies in developed economies. The fund forecast a growth rate in 2017 of 3.5 percent, compared with 3.1 percent in 2016.
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The International Monetary Fund has raised its outlook for global growth, citing a postelection surge in confidence in the United States, better prospects in large emerging markets and an uptick in global trade.
The rosy forecast is something of a change of mind for the fund, which has been fairly downbeat in recent years in terms of the global economy’s capacity to deliver sustained growth.
In delivering the spring version of the fund’s World Economic Outlook, a broad report on the international economy that is updated several times a year, the I.M.F.’s economists took the opportunity on Tuesday to warn again against protectionist tendencies in developed economies. The fund forecast a growth rate in 2017 of 3.5 percent, compared with 3.1 percent in 2016.
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