IMF says global recovery is faster than expected
Posted by admin . Published on 21 April 2010, Received
The global economy will grow a faster than expected 4.2% this year, says the International Monetary Fund (IMF).
However, recovery in many advanced economies remains “tepid” and high government debt levels need to be addressed, the IMF said.
For this reason, governments must continue with economic stimulus measures this year, it added.
The IMF forecast the UK recovery would “continue at a moderate pace”, with a weak pound helping exports.
The fall in the currency will help offset subdued domestic demand, it argued.
The comments were made in the IMF’s latest World Economic Outlook.
