Thursday, July 17, 2008
IMF is a little less gloomy
Posted by David Smith at 10:30 PM
Category: Thoughts and responses

The world economy is in a "tough spot" but the International Monetary Fund has revised up its growth numbers marginally. It now expects 4.1% global growth this year, slowing to 3.9% next. Projections for the UK are revised up to 1.8% this year, 1.7% next. Unusual to see anybody revising up growth forecasts these days, though the Fed also did so for the US economy earlier this week. The IMF's update is here.