IMF upgrades outlook for world economic growth

The International Monetary Fund said in its twice-yearly World Economic Outlook report that it was lowering its 2004 eurozone growth estimate by a tenth of a point from its forecast last September, to 1.7 percent.

Read the IMF's World Economic Outlook report

Transcript of the World Economic Outlook Press Conference

"But -- with recent economic indicators failing to improve -- the robustness of the recovery is uncertain," the IMF said.

"If economic indicators continue to suggest that the already