## IMF Revises Up Its Global Economic Forecast

_IMF Blog, January 26, 2010_

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## Bibliographic details
- Authors: Dominique Strauss-Kahn
- Published: January 26, 2010

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### Forecast revision
- The IMF has revised upwards its forecast for growth in the global economy, saying it is recovering faster than previously expected.
- World growth forecast:
  - 3.9 percent for this year.
  - 4.3 percent in 2011.
- The IMF said it had revised upwards its earlier forecast for global growth by ¾ percentage point from the October 2009 forecast.
- Along with the update to its forecast, the IMF released a new assessment of global financial conditions in its Global Financial Stability Report (GFSR).

### Regional divergences and speed of recovery
- Recovery is proceeding at different speeds around the world:
  - Emerging markets, led by Asia, are relatively vigorous.
  - Advanced economies remain sluggish and still dependent on government stimulus measures.

### Policy dependence and risks
- IMF Chief Economist Olivier Blanchard: the recovery right now is still very much based on stimulative policies by government.
- IMF Managing Director Dominique Strauss-Kahn warned that countries risk a return to recession if anti-crisis measures are withdrawn too soon.

### Financial markets and conditions
- The IMF said financial markets have rebounded since the lows of last March, the result of improving economic conditions and wide-ranging policy actions by governments.
- Jose Viñals, Director of the IMF’s Monetary and Capital Markets Department: "Notwithstanding the recent sell-off, risk appetite has returned, equity markets have improved, and capital markets have reopened."

### Key statistics
- World growth forecasts: 3.9 percent (this year); 4.3 percent (2011).
- Revision magnitude: ¾ percentage point upward from the October 2009 forecast.
- Publication date of update to the World Economic Outlook: January 26, 2010.

*IMF Revises Up Its Global Economic Forecast — Dominique Strauss-Kahn, January 26, 2010*

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## References

- [World Economic Outlook](http://www.imf.org/external/ns/cs.aspx?id=29)
- [Dominique Strauss-Kahn has warned](http://www.imf.org/external/pubs/ft/survey/so/2010/NEW011810A.htm)

_Source: https://www.imf.org/en/blogs/articles/2010/01/26/imf-global-economic-forecast_