IMF lifts global growth forecast to 3.9%, saying momentum is building
by Gareth Hutchens from on (#3DZAS)
Extreme weather, such as droughts in Australia, pose significant risk to growth, IMF warns
The International Monetary Fund has lifted its forecasts for global growth, saying momentum is building in global economic activity and Donald Trump's tax cuts in the US are likely to stimulate activity further.
It says the growth momentum is expected to carry into 2018 and 2019, and it has revised upwards its global growth forecasts by 0.2 percentage points for both years, from 3.7% to 3.9%.
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