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IMF: World economy stronger; recovery uneven


The International Monetary Fund said Tuesday the global recovery will gain strength this year, but it trimmed its growth forecast amid a sharp rise in Japan’s sales tax and a slowdown in emerging markets.

An accelerating U.S. recovery will help the world economy grow 3.6% this year, the IMF said, up from 3% in 2013 but down slightly from its 3.7% projection in January. Growth will pick up to a 3.9% pace in 2015, the fund said in advance of the spring meetings of the IMF and World Bank in Washington this week.

via IMF: World economy stronger; recovery uneven.

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About NorthwestExpat

Economic developer and hobbyist photographer. My passions are family, skiing, hiking, Newfs, travelling and exploring the Great Northwest.

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