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IMF more upbeat on world economy

IMF more upbeat on world economy

The International Monetary Fund (IMF) has raised its projection for how much the global economy will grow in 2010.

It now predicts that the worldwide economy will expand by 3.9% this year, up from the 3.1% estimate it published back in October.

The new figure came in the IMF's latest World Economic Outlook report, which said the growth was being led by China

A separate International Labour Organization (ILO) report said that 27 million people lost their jobs in 2009.

The ILO said that there were about 212 million people out of work by the end of last year.

But it expects unemployment in 2010 to stay at about the same levels, rising slightly to 213 million.

'Different speeds'

The IMF said some advanced economies were seeing more sluggish growth.

However, it now expects the US - the world's largest economy - to expand 2.7% this year, up from its previous estimate of 1.5% expansion.

For China, the IMF predicts growth of 10% this year, slowing slightly to 9.7% in 2011.


FUENTE : bbc.com

     


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