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International Business Times
International Business Times
Science
Daniel AVIS

IMF Ups Global Growth Forecast But Signals Medium-term Pessimism

International Monetary Fund Economy WEO
The outlook differs sharply between countries and regions (Credit: AFP)

The IMF has raised its outlook for the global economy this year, while maintaining a gloomy forecast over the medium term, according to fresh data published Tuesday.

The International Monetary Fund now expects the world economy to grow by 3.2 percent this year, up 0.1 percentage point from its previous forecast in January, and by a further 3.2 percent in 2025, according to the latest World Economic Outlook (WEO) report.

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