IMF raises global growth forecasts for last, this and next year -- help us expand this story

This is an emerging story which needs expansion if you wish to EDIT to add information or discuss it in TALK. We’d appreciate your help in extracting the important detail from the IMF report.

The International Monetary Fund (IMF) raised its forecast for global economic growth this year and next and said last year was stronger than expected.

“Global growth has been accelerating since 2016 and all signs point to a continuous strengthening of that growth this year and next year in 2019,” Christine Lagarde, managing director of the IMF, told a news conference in Davos, Switzerland, for the World Economic Forum (WikiTribune rolling coverage).

She warned that there were risks ahead as well and called on world leaders to tackle debt and difficult problems from inequality to climate change while they had the advantage of growth.

Releasing its 2018 World Economic Outlook, the IMF said growth in 2017 was 3.7 percent – up 0.1 percent from what was forecast last fall and half a percentage point higher than 2016. It raised forecasts for 2018 and 2019 by 0.2 percent to 3.9 percent.

The IMF’s report states that its upward revision is in part due to “… the expected impact of the recently approved U.S. tax policy changes,” and that “U.S. tax policy changes are expected to stimulate activity,” both in the USA and globally.

The report has significant detail on virtually every country in the world and aspect of economic policy. If you’d like to take a look and add detail to this story please do. Use EDIT to go into the STORY and TALK if you want to discuss it and recommend any particular element to expand on.



Image information

  • TODO tags

      Is there a problem with this article? [Join] today to let people know and help build the news.
      • Share
      • Sources

        IMF World Economic Outlook 2018:


      Subscribe to our newsletter

      Be the first to collaborate on our developing articles

      WikiTribune Open menu Close Search Like Back Next Open menu Close menu Play video RSS Feed Share on Facebook Share on Twitter Share on Reddit Follow us on Instagram Follow us on Youtube Connect with us on Linkedin Connect with us on Discord Email us