Global economy healthy and growing - IMF

Growth is being underpinned by the emerging market economies, which turned in an impressive performance in the first half. Charles Collyns, deputy director of the IMF's Research Department, said: “Emerging market countries have led the way, with China growing by 11.5 pc in the first half of 2007, and India and Russia also growing very strongly.” Growth in these countries has offset relative weakness in the U.S, while growth in the eurozone and Japan has remained above trend. The overall picture means that the IMF has raised its forecasts for global growth by 0.3 percentage points. Th...