IMF upgrades global expansion forecast

Note: This section contains information in English only.
Source: BBC
The IMF expects the overall economic growth to accelerate this year as the Euro Zone started to show signs of recovery after severe debt crisis. Moreover, US economic performance also improved. The IMF predicted the global economy to grow by 3.5% in 2012 as compared to the previous expectation for a 3.3% expansion. However, the fund stressed that another wave of crisis is possible and the world's largest economies still face difficulties.


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