Asia Unhedged | Global economy to grow at fastest rate in five years: IMF
FILE PHOTO -  A woman walks past containers at a port in Shanghai January 13, 2009. Photo: Reuters, Aly Song
FILE PHOTO - A woman walks past containers at a port in Shanghai January 13, 2009. Photo: Reuters, Aly Song
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Global economy to grow at fastest rate in five years: IMF

Indicators point to 3.5% and 3.6% global growth rates this year and next, despite geopolitical woes

April 19, 2017 8:02 PM (UTC+8)

The global economy will grow an estimated 3.5% in 2017, according to a new IMF report, as indicators continue to signal strength. Global investment, manufacturing and consumer confidence are all giving cause for optimism.

The IMFs forecasts of 3.5% growth for this year and 3.6% for 2018 are up from 3.1% in 2016.

However, the report notes that inward-looking national policies threaten the trend toward global economic integration, which has benefited the world economy.

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