Bank Of Baku

IMF raises global growth forecast

IMF raises global growth forecast
# 08 July 2010 10:52 (UTC +04:00)
Baku - APA-Economics. The International Monetary Fund (IMF) on Thursday raised its global growth forecast for the year to 4.5 percent from its prior forecast of 4.2 percent in April despite renewed financial turbulence stemming from an European debt crisis, International Business Times reported.

The IMF’s revised forecast reflects "stronger activity" during the first half of 2010 and expectations of fiscal action, especially in Europe. However, IMF maintained its 2011 growth forecast at 4.3 percent in an update of its World Economic Outlook (WEO) projections.
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