Global Economic Recovery On Track – IMF

The International Monetary Fund (IMF) has disclosed that economic resurgence across the world is on a better footing as improving growth in Europe, Japan and China offset downward revisions for the United States of America and Britain. The development was made public as the IMF published the latest update of the World Economic Outlook (WEO), Monday July 24, 2017. Despite the steady growth, the IMF warned that wage growth remains sluggish which risks increasing tensions that have pushed some countries toward more anti-global policies, while efforts to erode financial regulations put in place since the 2008 crisis could erode stability. “The recovery in global growth that we projected in April is on a firmer footing; there is now no quest...