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    April 17, 2012

IMF: Global Economic Growth 3.5 Percent This Year

   VOA News
   A man walks next to the windows of a closed shop in downtown Milan,
   Italy, April 12, 2012. Photo: AP
   A man walks next to the windows of a closed shop in downtown Milan,
   Italy, April 12, 2012.

   The International Monetary Fund is a little more optimistic about
   global economic growth as European nations have taken action to cope
   with their debt crisis, and the U.S. economy grew a little faster.
   Speaking about IMF's "[1]World Economic Outlook" on Tuesday, research
   director Oliver Blanchard said the global economy has been on a "roller
   coaster" for the past six months, leaving an "uneasy calm."
   The International Monetary Fund's report comes as officials from the
   many member nations of the IMF and the World Bank gather in Washington
   for talks this week.
   Blanchard said the world economy will expand by about 3.5 percent this
   year, and a little faster next year. The report says emerging markets
   will continue to grow faster than developed economies. For example, the
   United States' economy will expand 2.1 percent in 2012, Europe will
   shrink by three-tenths of a percent, while China will expand more than
   8 percent.

References

   1. http://www.imf.org/external/pubs/ft/weo/2012/01/pdf/text.pdf

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