IMF to revise economic forecasts in 'global boom'
The International Monetary Fund is going to revise its economic growth forecasts amid a "global boom," the IMF chief economist, Simon Johnson, said on Thursday, suggesting a hike.
By Agencies |
WASHINGTON: The International Monetary Fund is going to revise its economic growth forecasts amid a "global boom," the IMF chief economist, Simon Johnson, said on Thursday, suggesting a hike.
"We were criticized for being optimistic at the time of our spring forecast," Johnson said at a news briefing, referring to an IMF forecast of world growth at 4.9 per cent this year and in 2008.
"Let me just say we are quite pleased that we were optimistic," he told reporters, without giving any precise figures. The IMF will release an update of its World Economic Outlook on Wednesday.
"The global picture, broadly speaking, is the US continuing to show weakness, as we expected, but the rest of the world economy has done very well," he said citing Germany and the fast-growing emerging economies of China and India.
"This is a global boom," he said.
"We were criticized for being optimistic at the time of our spring forecast," Johnson said at a news briefing, referring to an IMF forecast of world growth at 4.9 per cent this year and in 2008.
"Let me just say we are quite pleased that we were optimistic," he told reporters, without giving any precise figures. The IMF will release an update of its World Economic Outlook on Wednesday.
"The global picture, broadly speaking, is the US continuing to show weakness, as we expected, but the rest of the world economy has done very well," he said citing Germany and the fast-growing emerging economies of China and India.
"This is a global boom," he said.
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