The global economy is recovering faster than expected, according to the International Monetary Fund (IMF).
World growth will bounce back from negative territory in 2009 to a forecast 3.9% this year and 4.3% in 2011, the IMF forecasts. This represents an upward revision of 0.75% from its October 2009 prediction. The optimistic analysis follows the news UK GDP rose in Q4 2009 by 0.1% to nudge Britain out of recession. However, the IMF cautions the recovery is happening at different speeds around the world. Emerging markets, led by Asia, are showing a relatively vigorous upturn, but advanced economies remain sluggish and dependent on government stimulus measures, says the IMF. Olivie...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes