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IMF upgrades global growth forecast www.nhk.or.jp
The International Monetary Fund has reported a brighter outlook for the global economy.
The organization released on Tuesday its latest World Economic Outlook.
Its analysts have upgraded their global-growth forecast. But they are warning of possible instability in emerging economies.
The IMF raised the outlook for next year to 3.7 percent growth due to an improving labor situation. That figure is up one-tenth of a percentage point from the previous prediction given in July.
The IMF also revised upward its growth forecasts for the major economies, including Japan, the US, China and Germany.
The US Federal Reserve is set to begin shrinking its balance sheet.
And the European Central Bank is to decide whether to start tightening its monetary policy.
The IMF says if those policy moves take place rapidly, then money could flow out of emerging nations and flood into the US and Europe. That could trigger instability in financial markets of the emerging economies.
The IMF report is to be presented to a meeting of G20 finance ministers and central bank chiefs later this week. The G20 delegates are expected to discuss in Washington the issues raised by the IMF.
Published Date:2017-10-11
