IMF raises growth estimates

The International Monetary Fund (IMF) has raised its forecast for global economic growth this year, from 4.2% to 4.6%.

It said the world economy grew strongly in the first part of this year, mainly thanks to robust growth in Asia.

However, the UK was almost unique in having its growth forecast revised down slightly, to 1.2%.

The IMF also warned risks had increased and there had been a setback in progress towards financial stability.

Developed economies have maintained a modest, but steady recovery in the year to date, the supranational agency said.

BBC World News

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell