Mubasher: The International Monetary Fund (IMF) rose its estimated for economic growth for 2017 and 2018 by 0.1%, supported by the economic recovery in the Euro Zone, Japan, and emerging Asian markets.
The IMF said in a report issued on Tuesday that the global economy will register a growth of 3.6% this year, and 3.7% next year.
The report also indicted that global economic growth will rise in emerging and developing economies, on the back of a number of external factors, and the signs of a global recovery.
As for the developed economies, the IMF said that it will continue to grow, with strong sustainable economic activity in Canada, the United States, the Eurozone and Japan, although the medium-term growth prospects will slowdown, the report indicated.
Although performance estimates have been raised,
The report pointed that estimates for growth levels are still declining in some countries, with inflation rates still below target in most of the developed countries.
