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World economy stronger; recovery uneven

from USA Today

The International Monetary Fund (IMF) said recently that the global recovery will gain strength this year, but it trimmed its growth forecast amid a sharp rise in Japan's sales tax and a slowdown in emerging markets. An accelerating U.S. recovery will help the world economy grow 3.6 percent this year, the IMF said, up from 3 percent in 2013 but down slightly from its 3.7 percent projection in January. Growth will pick up to a 3.9 percent pace in 2015, the fund said in advance of the spring meetings of the IMF and World Bank in Washington. more


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