Posted on: 24th Jan, 2014 03:01 am
In its latest edition of its World Economic Outlook, the International Monetary Fund (IMF) has raised its forecast of global economic growth to 3.7% for 2014. It expects the global growth to increase to 3.9% in 2015. IMF has also warned that the economy still remains susceptible to risk.
It should also be noted here that the IMF has edged up forecasts for Japan, Germany, France, Spain, and China but has lowered the forecast for Italy and Russia.