IMF to upgrade its outlook for global growth

 IMF to upgrade its outlook for global growth

The head of the International Monetary Fund Christine Lagarde said that 'the long-awaited global recovery is taking root' and that three-quarters of the globe is enjoying an economic upswing in 'the broadest-based acceleration since the start of the decade'.

In remarks prepared for delivery at Harvard’s Kennedy School of Government, Lagarde suggested that the 189-country finance agency will likely upgrade its outlook for global growth when it releases its latest forecasts next week, Fortune reported.

In July, the IMF predicted that global growth would hit 3.6% in 2018 — fastest since 2011 and a welcome sign the world economy had broken out of a period of stagnation following the Great Recession of 2007-2009.

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