Developed countries to expand faster in 2013: IMF's Lagarde

Advanced economies will beat analysts' expectations made earlier in October, when they are projected to grow at a faster pace in 2013 together with better performance of the global economy, the Managing Director of the International Monetary Fund said on Sunday. Developed countries will expand 1.6%, compared to a 1.5% growth initially projected, while the global economy will rise at a rate of 3.6% in 2013.