The International Monetary Fund has lifted its forecasts for global growth, saying momentum is building in global economic activity and Donald Trump’s tax cuts in the US are likely to stimulate activity further.
It says the growth momentum is expected to carry into 2018 and 2019, and it has revised upwards its global growth forecasts by 0.2 percentage points for both years, from 3.7% to 3.9%.
But it has warned that extreme weather events – such as droughts in Australia, and hurricanes in the Atlantic – pose a significant risk to its positive forecasts, saying “recurrent, potent climate events” impose “devastating humanitarian costs and economic losses” on affected regions.
via The Guardian
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