IMF More Optimistic About Global Recovery - Lagarde

Tarikh kemaskini: 06/10/2017

WASHINGTON, Oct 6 (Bernama) -- The International Monetary Fund (IMF) is more optimistic about global recovery than in July, while urged countries to take the upswing to carry out reforms to support inclusive and sustainable growth, China's Xinhua news agency reported.

"The long-awaited global recovery is taking root...Next week we will release an updated forecast ahead of our Annual Meetings - and it will likely be even more optimistic," said IMF Managing Director Christine Lagarde in a speech on Thursday ahead of the IMF/World Bank annual meetings.

In July, the IMF expected the global economy to grow 3.5 per cent this year and 3.6 per cent in 2018.

Lagarde said on Thursday that nearly 75 per cent of the world is experiencing an upswing -- the broadest-based acceleration since the start of the decade.

Besides the acceleration in global growth, financial stability is improving as the banking system is more stable and market confidence increases, said Lagarde.....