IMF spring meetings: projecting a pickup

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The 2017 Spring International Monetary Fund (IMF) and World Bank meetings begin later this week. Despite the tide of populism and geopolitical uncertainties, the global economic recovery is gaining traction. Have we reached a turning point? And are global reform commitments needed to sustain the recovery?

The short answer to both questions is yes and yes. The growth outturns in the second half of last year have generally strengthened in the first quarter. Market sentiment has been rising, manufacturing and confidence indicators have picked up, and global trade volumes and commodity prices are rising. The world is clearly witnessing a strong cyclical recovery in investment, manufacturing, and trade. The IMF is likely to project a pickup in global growth this year and next—closer to 4%—compared to just over 3% in 2016…

Read more : Gatewayhouse, 18.04.2017