IMF Lifts Global Growth Outlook

The International Monetary Fund (IMF) has revised its global growth outlook for the remainder of the year. Based on its most recent survey, the IMF now predicts that world-wide, economic growth will reach 4.6 percent – an increase of nearly half a percent from its earlier estimate of 4.2 percent.

The US was upgraded to 3.3 percent growth, an increase of 0.2 percent, while China was revised upwards by 0.5 percent to 10.5 percent growth. Growth estimates for the UK on the other hand, were lowered by 0.1 percent to 1.2 percent.

Source:BBC News

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