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IMF Boosts Global Economic Forecast
The International Monetary Fund expects the world's economies to grow by an average of 4% in 2012 compared with its previous forecast of 3.3% expansion.
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The International Monetary Fund expects the world's economies to grow by an average of 4% in 2012 compared with its previous forecast of 3.3% expansion.
IMF Chief Christine Lagarde notes that growth projections have fluctuated greatly in recent months. She says there remains a "high degree of instability."
Analysts say the brighter outlook reflects an improved view of Europe's prospects.
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