IMF raises world economic growth outlook

IMF raises world economic growth outlook
# 03 September 2009 13:39 (UTC +04:00)
Baku– APA-Economics. The IMF expects the global economy to expand at slightly less than 3% in 2010, said Jörg Decressin, a senior IMF economist, higher than the IMF’s July estimate of 2.5%, WSJ reported.

"The recovery is for real but it is very heavily policy dependent," Mr. Decressin said at a session at the Carnegie Endowment for International Peace. At some point, he said, private demand would have to replace the boost to the global economy from government monetary and fiscal expansion.

Mr. Decressin said the IMF was refining the 2010 estimate, and would include a final number in the IMF’s World Economic Outlook, scheduled for release on Oct. 1.
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