Published on 12 October 2017
The International Monetary Fund has lifted its global growth forecast to 3.6% for 2017 and 3.7% in 2018 – reflecting a 0.1% increase for both years and marking the fastest growth rate since 2010 – amid signs that the global economic environment is improving across 75% of the world, according to the MarketWatch.
However, Maurice Obstfeld, the IMF’s chief economist, sounded a note of caution and warned of risks, saying that, “A closer look suggests that the global recovery may not be sustainable” due to weak wage growth, muted inflation, and rising interest rates and debt levels.
“In an environment of high policy uncertainty and geopolitical tensions, policy missteps could take a toll on market confidence, resulting in tighter financial conditions and weaker asset prices,” the IMF stated in a report.
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