As Bloomberg reports, The IMF maintained its forecast for global growth in 2017 of 3.4 percent, the Washington-based organization said Monday in a quarterly update to its World Economic Outlook. Expansion
After a lackluster
With these caveats, aggregate growth estimates and projections for 2016–18 remain unchanged relative to the October 2016 World Economic Outlook. The outlook for advanced economies has improved for 2017–18, reflecting somewhat stronger activity in the second half of 2016 as well as a projected fiscal stimulus in the United States. Growth prospects
While the balance of risks is viewed as being to the downside, there are also upside risks to near-term growth. Specifically, global activity could accelerate more strongly if policy stimulus turns out to be larger than currently projected in the United States or China. Notable negative risks
In a welcome move to Brexiters the IMF hiked its outlook on UK growth, saying "domestic demand held up better than expected in the aftermath of the Brexit vote", but warned that while it was upgrading its outlook on China GDP, it warned that China's "sugar-rush" growth presents risks to future stability.
The growth forecast for 2017 was revised up for China (to 6.5 percent, 0.3 percentage
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