Global Economy

Some cheering news from the IMF. Its latest World Economic Outlook reports that global economic growth has turned positive, although recovery will be slow. Latest IMF projections show that world output is forecast to expand by around 3% in 2010. The table in the attached link shows that China and India are the powerhouses with ‘advanced economies’ trailing behind. The figure for the UK is 0.9%; not the best, but certainly not the worst.