Brussels, 22/01/2014 (Agence Europe) - The International Monetary Fund announced on Tuesday 21 January that it has raised its global GDP growth forecasts for 2014 to 3.7% and to 3.9% in 2015, due to an upturn in China and the developed world.
In a press release, Olivier Blanchard, head of economic forecasting at the IMF comments: “Turning to Europe, conditions are increasingly favourable in the UK and in much of the Euro core. Public debts are on sustainable paths, fiscal consolidation is rightly slowing down. Credit conditions are favourable. So this leads us to predict growth of 2.4 percent for the UK, 1.6 percent for Germany, although only 0.9 percent for France, where confidence is still low and weighing on growth”. Emerging from recession, Spain and Italy are expected to see their economies grow by 0.6% this year and then pick up next year to 0.8% and 1.1% growth respectively. (MB/transl.fl)