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IMF predicts world economy ramp-up
13:41, 24 July 2017
IMF predicts world economy ramp-up

Analysts corrected predictions for improvement in many European countries, in particular, in Germany, France, Italy and Spain

13:41, 24 July 2017

Open source

Analysts of the International Monetary Fund predict the ramp-up of the world economy due to European Union countries within next ten years. This was reported by German Deutsche Welle agency.

"IMF has raised economic growth forecasts for almost all regions. The world economy will grow by 3,5 % in 2017, and by 3,6% in the year after. Europe will be the locomotive of it," the report said.

Analysts corrected predictions for improvement in many European countries, in particular, in Germany, France, Italy and Spain.

"We suppose that continental Europe countries’ economies will grow even faster, since the political risks here have decreased," experts say.

For the United States, analysts adjusted the outlook for economic growth downward.

Related: IMF announces conditions for fourth revision of EFF program

"From a global point of view, adjusting our optimistic forecast for the US situation is the most serious loss," IMF chief economist Maurice Obstfeld said.

It is reported that one of the reasons for the US economic decrease is Donald Trump’s struggle to implement his ambitious infrastructure program.

As it was reported earlier IMF intends to create anti-corruption chambers in Ukrainian courts. Earlier it was planned to create an anti-corruption court.

Related: IMF to not insist on land reform in Ukraine for another loan

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