IMF: global recovery is broad but incomplete

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The International Monetary Fund has warned that, despite a “broad-based” upswing in the global economy, many countries and individuals are still being left behind.

The IMF’s latest World Economic Outlook, published today (October 10) upgrades the global growth outlook to 3.6% in 2017 and 3.7% in 2018, both 0.1 of a percentage point higher than the last forecasts. The figures mark a welcome turnaround from the 3.2% recorded in 2016, the lowest level since the global financial crisis.

Neverthele

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