PPRuNe Forums - View Single Post - Growing Evidence That The Upturn Is Upon Us
Old 8th Jul 2009, 14:00
  #2680 (permalink)  
quant
 
Join Date: Nov 2008
Location: London
Posts: 238
Likes: 0
Received 0 Likes on 0 Posts
IMF more upbeat on 2010 recovery

Worldwide economic growth is expected to recover to 2.5% in 2010, says the International Monetary Fund (IMF).
That is higher than the IMF's earlier estimate of 1.9% growth next year, made in April, with the increase expected to be led by India and China.
But the IMF still expects the global economy to contract 1.4% this year.
For the UK, the IMF has revised down its 2009 economic forecast by 0.1% to -4.2%, but it now expects the economy to expand by 0.2% next year.
The IMF had previously said it expected the British economy to contract by 0.4% in 2010.
BBC NEWS | Business | IMF more upbeat on 2010 recovery


quant is offline