IMF lifted economic forecasts
The International Monetary Fund has followed the World Bank and lifted its forecasts for world economic growth, but warned the recovery is still weak and uneven.
The IMF lifted forecast for global economy in 2014 by 0.1 pp to 3.7%. According to the organization, growth is stronger in the US than in Europe and while the euro zone is turning the corner from recession to recovery Southern Europe continues to be “the more worrisome part of the world economy”. The biggest positive revision – to 2.4% – was made for Britain.
Japan is forecast to grow 1.7% this year, but only 1.0% in 2015. The Fund expects China to grow by 7.5% in 2014.
Growth projections for the euro area and the US
Growth projections for the European nations