IMF raises growth predictions for 2017, 2018

The International Monetary Fund said economies will be growing.


IMF Research Director Maurice Obstfeld announced on April 18 that the global lending group was predicting that the global economy would expand by 3.5 percent in 2017 and 3.6 percent in 2018, up from 3.1 percent in 2016.

The higher forecasts were based the on manufacturing and trade gains.

In January the IMF had forecast 3.4 percent growth for this year.

The IMF warned that protectionist trade policies could undermine this growth.

 
 

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