2014 Growth Stronger Than 2013? IMF Thinks So

The world economy will grow by more than previously expected this year, the International Monetary Fund (IMF) forecast on Tuesday.

In an update to its “World Economic Outlook”, the IMF predicted global economic growth of 3.7 percent in 2014, an upgrade on the 3.6 percent growth it forecast last October.

The IMF — which monitors the global economy and lends to its 188 member countries if they are in financial difficulty — attributed the raise to improving conditions in advanced economies.

“Financial conditions in advanced economies have eased since the release of the October 2013 WEO (World Economic Outlook) — with little change since the announcement by the U.S. Federal Reserve on December 18 that it will begin tapering its quantitative easing measures this month. This includes further declines in risk premiums on government debt of crisis-hit euro area economies,” the IMF said on Tuesday.

CNBC

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.