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1st LD: IMF raises global growth forecast due to increased growth momentum

Xinhua,January 22, 2018 Adjust font size:

DAVOS, Jan. 22 (Xinhua) -- The International Monetary Fund (IMF) on Monday raised its global growth forecast for 2018 and 2019 by 0.2 percentage point to 3.9 percent, due to increased global growth momentum and the expected impact of the recently approved U.S. tax policy changes.

The upward revision was announced by Maurice Obstfeld, IMF Economic Counsellor and Director of Research, at a press conference on Update of the World Economic Outlook in Davos, Switzerland.

The IMF also revised upward the growth of global output in 2017 to 3.7 percent, which is 0.1 percentage point faster than that projected in the fall and 0.5 percentage point higher than in 2016. The pickup in growth has been broad based, with notable upside surprises in Europe and Asia. Enditem

 

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