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September 5, 2009

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Home » Business » Economy

GDP Forecast Rises

THE International Monetary Fund has revised up its forecast for global gross domestic product in 2009 and 2010, according to a document obtained by Reuters.

The IMF now forecasts the world economy will shrink by 1.3 percent in 2009, versus an earlier forecast of 1.4 percent contraction, before growing by 2.9 percent in 2010 from a previous 2.5 percent forecast.

It also predicted a brighter outlook for the United States, euro zone, Germany and Britain.


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