IMF forecasts faster global growth but warns of risks ahead

Growth rate to speed up in next two years but recovery based on falling oil price and easing austerity still at risk from exchange rate shocks, debt and ageing populations

Global growth will step up a gear over the next two years according to the International Monetary Fund, following the collapse in oil prices and the easing of austerity programmes in developed countries.

But the Washington-based organisation warned that the failure to secure a more sustainable recovery following the 2008 financial crash had left the outlook for global growth vulnerable to further economic shocks.

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