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Page added on September 27, 2009
IMF’s 2010 growth is increased
The International Monetary Fund (IMF) foresees a stronger than anticipated recovery from the economic crisis, with global growth appro-aching three per cent in 2010, world leaders said.
The IMF had estimated in July a global contraction of 1.4 per cent this year, followed by sluggish growth of 2.5 per cent in 2010, but was more upbeat as Group of 20 leaders met at the weekend in the US city of Pittsburgh.
Asia-led growth has lifted the world out of the doldrums and France, Germany and Japan have all now officially climbed out of recession, while the US - which is the world’s biggest economy - is expected to follow later this year.
Categorized | Business News
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