Washington: The International Monetary Fund
said on Tuesday the global economy was poised to grow more strongly
than previously anticipated this year, by 3.9 percent.
The IMF said the growth forecast was 0.8 percent higher
than the 3.1 percent estimated four months ago, with sluggish
recovery in advanced economies offset by "relatively vigorous"
growth in emerging and developing economies.
"The global recovery is off to a stronger start than
anticipated earlier but is proceeding at different speeds in
the various regions," the IMF said in an update of its October
World Economic Outlook report.
The United States, the world's largest economy, was
expected to post growth of 2.7 percent in 2010, a sharp 1.2
percent increase from the prior forecast.
Bureau Report
First Published: Tuesday, January 26, 2010, 20:48