The International Monetary Fund (IMF) projected a marginally higher than expected growth for the world economy at 3.5 per cent in 2017.
IMF projected the world economy to grow at a pace of 3.5 percent in 2017, up from 3.1 percent in 2016, and 3.6 per cent in 2018. The IMF’s new projection for 2017 is marginally higher than what they expected in its last update. This improvement comes primarily from good economic news for Europe and Asia, and within Asia, notably for China and Japan.
Takeaways from above News-
- IMF has projected world economy to grow at 3.5% in 2017
- Projection in 2016 was 3.1%
- Created in 1945, the IMF is governed by and accountable to the 189 countries
- Managing Director of IMF is Christine Lagarde
- Maurice Obstfeld, economic counselor and director of IMF Research Department released the projection officially.
If you have any other takeaways, do share with us in the comment section
Source- Business Standard