I.M.F. Raises Global Forecast for Growth
this despite republican participation in the growth in any manner...go Obama
---------------------------------------------------
The International Monetary Fund is more optimistic about the global economy after seeing faster growth in the United States and a coordinated effort in Europe to address its debt crisis, the group said Tuesday.
The global lending organization said in its latest economic report that the American economy should expand 2.1 percent this year. Europe is likely to shrink 0.3 percent and the world economy should grow 3.5 percent. All three of the I.M.F.'s estimates are slightly better than its January's forecasts.
The group praised European leaders for bulking up its bailout fund and taking other steps to address the crisis, but noted that the crisis continues to loom as the biggest threat to the global economy.
The group's World Economic report comes as the 187-nation I.M.F. and its sister lending institution, the World Bank, prepare to hold their spring meetings in Washington this week.
http://www.nytimes.com/2012/04/18/business/global/imf-raises-global-forecast-for-growth.html
