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IMF Says Pace of Global Economic Growth is Picking Up

Posted April 18, 2017

Under Economic Issues, International Trade Issues

(Andrew Walker – BBC News)

The world economy seems to be gaining momentum, according the chief economist of the International Monetary Fund.

Writing in the IMF’s new World Economic Outlook, Maurice Obstfeldt said “we could be at a turning point”.

The report forecasts global growth this year of 3.5%, up from 3.1% predicted in 2016. UK growth, at 2%, is stronger than any of the major developed economies apart from the US.

But the IMF warns of headwinds that could weaken its global projections. Click here to read more.

Related: IMF Outlook for Canada Unchanged in Latest Analysis (Canadian Press)