WORLD ECONOMIC OUTLOOK
Despite New Risks, Global Recovery Seen Gaining StrengthIMF Survey online
April 11, 2011
- Global growth forecast at around 4 1/2 percent for both 2011 and 2012
- High unemployment and commodities prices pose major social concerns
- More progress urgently required on fiscal and financial repair and reform
- Work needed to rebalance global demand, address imbalances
The global economic recovery is gaining strength, with world growth projected at about 4½ percent in both 2011 and 2012, but unemployment remains high, and risks of overheating are building in emerging market economies, the IMF said in its latest forecast.