The International Monetary Fund says the global economic recovery is improving and picking up steam, meaning growth should be slightly improved this year. The IMF’s semi-annual World Economic Outlook report released today however warned that there are still risks on the horizon
The report revised global growth up to three-point-five percent for this year, one-tenth of a percentage point higher than the January forecast.
It was the first upward revision in two years to the growth forecast, which has been consistently disappointing. For 2018, growth is expected to rise to three-point-six percent, and to three-point-eight percent by 2022.
The IMF however warned that the outlook still faces a series of threats that could erode the improvements, especially the rise of protectionist rhetoric.