IMF set to upgrade 2010 growth forecast

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The International Monetary Fund (IMF) is set to raise its global growth forecast for 2010, Murilo Portugal, a deputy managing director at the Fund, said on Monday.

Speaking to journalists at a seminar in Sao Paolo, he said that the IMF will revise expected growth to 3%, up from 2.5% as given in July. "The recovery is stronger than initially forecast," Portugal said.

Portugal's comment continues the emerging theme of guarded optimism among policymakers and governments. Over the past week, the Ban

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