Global growth will accelerate to the fastest pace in seven years as tax cuts in the United States will stimulate businesses to invest, said Christine Lagarde, director of the International Monetary Fund. The fund raised its forecast for global growth to 3.9% this and next year, which is 0.2 percentage points higher than the October forecast. This would be the fastest growth since 2011 when the world first showed a recovery from the financial crisis.
The revision reflects the enhanced global economic dynamics and the expected impact of the recently approved changes in US tax policy "
Source: Bloomberg Businessweek
Jr Trader Petar Milanov
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